Randstad (OTCMKTS:RANJY) Sets New 52-Week Low – Should You Sell?

Randstad (OTCMKTS:RANJY)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $20.45 and last traded at $20.45, with a volume of 26615 shares trading hands. The stock had previously closed at $21.22.

Analysts Set New Price Targets

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

Randstad Stock Performance

The stock’s 50-day simple moving average is $22.59 and its 200-day simple moving average is $23.48. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 15.73 and a beta of 1.21. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.24.

Randstad (OTCMKTS:RANJY) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.38 earnings per share (EPS) for the quarter. Randstad had a return on equity of 14.31% and a net margin of 1.79%. The business had revenue of $6.61 billion for the quarter. Analysts forecast that Randstad will post 1.57 earnings per share for the current fiscal year.

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.