Randstad (OTCMKTS:RANJY) Sets New 52-Week Low – Here’s What Happened

Randstad (OTCMKTS:RANJY) hit a new 52-week low on Tuesday . The company traded as low as $21.85 and last traded at $22.03, with a volume of 31628 shares changing hands. The stock had previously closed at $22.46.

Wall Street Analysts Forecast Growth

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

Randstad Stock Performance

The firm has a 50-day moving average price of $23.63 and a two-hundred day moving average price of $24.25. The firm has a market cap of $7.80 billion, a PE ratio of 16.59 and a beta of 1.25. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.25.

Randstad (OTCMKTS:RANJY) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.38 EPS for the quarter. The firm had revenue of $6.61 billion for the quarter. Randstad had a return on equity of 14.26% and a net margin of 1.79%. Research analysts forecast that Randstad will post 1.57 EPS for the current fiscal year.

Randstad Cuts Dividend

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

About Randstad

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.