Randstad (OTCMKTS:RANJY) Hits New 52-Week Low – What’s Next?

Randstad (OTCMKTS:RANJY)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $21.26 and last traded at $21.40, with a volume of 24377 shares traded. The stock had previously closed at $21.83.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded shares of Randstad to a “hold” rating in a report on Friday, October 4th.

Randstad Trading Down 2.0 %

The company’s 50-day moving average price is $23.51 and its 200 day moving average price is $24.15. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $7.74 billion, a PE ratio of 16.79 and a beta of 1.25.

Randstad (OTCMKTS:RANJY) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.38 earnings per share for the quarter. Randstad had a net margin of 1.79% and a return on equity of 14.26%. The company had revenue of $6.61 billion during the quarter. On average, sell-side analysts forecast that Randstad will post 1.57 EPS for the current fiscal year.

Randstad Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, September 27th were paid a $0.5292 dividend. The ex-dividend date was Thursday, September 26th. Randstad’s payout ratio is presently 76.92%.

Randstad Company Profile

Randstad N.V. provides solutions in the field of work and human resources (HR) services. The company provides temporary staffing and permanent placement services; job posting; and résumé services on digital platforms. It offers inhouse, enterprise and digital, and tech suite services. In addition, the company provides managed services programs, recruitment process outsourcing, outplacement and career development, and online talent acquisition.