Randstad (OTCMKTS:RANJY) Reaches New 52-Week Low – Time to Sell?

Randstad (OTCMKTS:RANJY) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $21.26 and last traded at $21.40, with a volume of 24377 shares changing hands. The stock had previously closed at $21.83.

Wall Street Analyst Weigh In

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

Randstad Trading Down 0.0 %

The business’s fifty day moving average is $23.43 and its 200-day moving average is $24.11. The firm has a market cap of $7.63 billion, a P/E ratio of 16.22 and a beta of 1.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.11 and a current ratio of 1.11.

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

Randstad Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 16th. Investors of record on Friday, September 27th were given a dividend of $0.5292 per share. The ex-dividend date was Thursday, September 26th. Randstad’s payout ratio is 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.