Randstad (OTCMKTS:RANJY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Randstad Holding NV's shares experienced a significant increase in trading volume, with 104,459 shares traded, marking a 427% increase from the previous session.
• BNP Paribas downgraded Randstad from a "strong-buy" to a "hold" rating, indicating a shift in analyst sentiment regarding the company's stock performance.
• Despite a revenue of $6.79 billion for the quarter, Randstad reported a missed earnings per share of $0.27, below the analysts' expectation of $0.35.

Shares of Randstad Holding NV (OTCMKTS:RANJY - Get Free Report) saw strong trading volume on Monday . 104,459 shares changed hands during trading, an increase of 427% from the previous session's volume of 19,807 shares.The stock last traded at $25.10 and had previously closed at $25.49.

Analyst Ratings Changes

Separately, BNP Paribas downgraded Randstad from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th.

Randstad Stock Down 1.5%

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $9.08 billion, a PE ratio of 104.59 and a beta of 1.05. The business has a 50 day moving average of $22.55 and a two-hundred day moving average of $21.36.

Randstad (OTCMKTS:RANJY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.08). The company had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $5.78 billion. Randstad had a return on equity of 8.78% and a net margin of 0.37%. Analysts predict that Randstad Holding NV will post 1.63 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.