Recruit (OTCMKTS:RCRUY) Trading Up 5% – Here’s What Happened

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY)’s share price traded up 5% during mid-day trading on Monday . The company traded as high as $22.93 and last traded at $22.5145. Approximately 102,661 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 980,163 shares. The stock had previously closed at $21.44.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Recruit from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Recruit Stock Down 4.7%

The company has a market capitalization of $158.44 billion, a PE ratio of 41.39 and a beta of 1.70. The business has a 50 day simple moving average of $17.21 and a 200 day simple moving average of $12.60.

Recruit (OTCMKTS:RCRUY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.18 EPS for the quarter. The firm had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.19 billion. Recruit had a net margin of 14.94% and a return on equity of 36.40%. Equities analysts expect that Recruit Holdings Co., Ltd. will post 0.53 EPS 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.