Recruit (OTCMKTS:RCRUY) Sets New 1-Year High – Here’s Why

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $15.27 and last traded at $15.10, with a volume of 329835 shares traded. The stock had previously closed at $14.75.

Analyst Ratings Changes

Separately, Zacks Research raised Recruit from a “hold” rating to a “strong-buy” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, Recruit currently has an average rating of “Strong Buy”.

Recruit Trading Up 2.4%

The stock has a market cap of $111.17 billion, a P/E ratio of 16.41 and a beta of 1.72. The business’s fifty day simple moving average is $12.49 and its 200 day simple moving average is $10.64.

Recruit (OTCMKTS:RCRUY) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.09 earnings per share for the quarter. Recruit had a net margin of 13.47% and a return on equity of 32.62%. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.72 billion. On average, analysts predict that Recruit Holdings Co., Ltd. will post 0.53 earnings per share for the current fiscal year.

Recruit Company Profile

Recruit Holdings Co, Ltd. (OTCMKTS: RCRUY) is a Japan-based provider of human resources and information services that operates a diversified portfolio of staffing, recruitment and consumer-facing platforms. Headquartered in Tokyo, the company builds and runs digital marketplaces and service businesses that connect employers with job seekers, support corporate HR functions, and offer related marketing and consumer services in areas such as lifestyle and local search.

The company’s principal activities include online job search and employer branding platforms, temporary and permanent staffing, recruitment process outsourcing, and HR technology solutions.