Recruit (OTCMKTS:RCRUY) Shares Gap Down – Here’s Why

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $21.52, but opened at $20.56. Recruit shares last traded at $20.56, with a volume of 11,285 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut 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 data from MarketBeat, the company currently has a consensus rating of “Hold”.

Recruit Price Performance

The company has a fifty day simple moving average of $17.21 and a two-hundred day simple moving average of $12.60. The company has a market capitalization of $151.83 billion, a P/E ratio of 39.66 and a beta of 1.70.

Recruit (OTCMKTS:RCRUY) last released its quarterly earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.19 billion. Recruit had a return on equity of 36.40% and a net margin of 14.94%. Equities analysts anticipate 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.