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

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) gapped up prior to trading on Monday . The stock had previously closed at $20.07, but opened at $20.71. Recruit shares last traded at $20.6450, with a volume of 19,530 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Recruit from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Recruit presently has a consensus rating of “Hold”.

Recruit Stock Performance

The company has a market capitalization of $152.77 billion, a price-to-earnings ratio of 39.90 and a beta of 1.70. The company has a 50 day moving average price of $16.42 and a 200 day moving average price of $12.16.

Recruit (OTCMKTS:RCRUY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. Recruit had a net margin of 14.94% and a return on equity of 36.40%. The business had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.19 billion. Research analysts forecast that Recruit Holdings Co., Ltd. will post 0.53 EPS 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.