Recruit (OTCMKTS:RCRUY) Sets New 12-Month High – Here’s What Happened

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $22.41 and last traded at $22.3020, with a volume of 63013 shares changing hands. The stock had previously closed at $21.39.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Recruit from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Recruit Trading Up 3.9%

The company has a market capitalization of $163.97 billion, a PE ratio of 42.83 and a beta of 1.70. The company’s 50 day moving average price is $16.73 and its 200-day moving average price is $12.33.

Recruit (OTCMKTS:RCRUY) last issued its earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. Recruit had a return on equity of 36.40% and a net margin of 14.94%.The business had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.19 billion. As a group, analysts predict that Recruit Holdings Co., Ltd. will post 0.53 earnings per share for the current year.

About Recruit

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.