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

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $23.89, but opened at $24.84. Recruit shares last traded at $24.48, with a volume of 12,691 shares trading 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 MarketBeat.com, the company currently has an average rating of “Hold”.

Recruit Trading Up 2.0%

The firm has a market capitalization of $179.43 billion, a P/E ratio of 46.87 and a beta of 1.80. The firm has a 50-day moving average of $21.53 and a two-hundred day moving average of $16.01.

Recruit (OTCMKTS:RCRUY) last released its earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Recruit had a return on equity of 35.54% and a net margin of 14.94%. On average, sell-side analysts anticipate that Recruit Holdings Co., Ltd. will post 0.72 EPS for the current fiscal year.

Recruit Company Profile

Recruit Holdings Co, Ltd. is a Japanese technology and services company that provides solutions connecting people with employment, housing, travel, dining, beauty and other consumer and business services. Its businesses operate through online platforms, digital products and related services designed to help individuals make decisions and help companies attract customers, employees and applicants.

Recruit’s Human Resources Technology segment includes Indeed, a global job-search and recruitment platform, and Glassdoor, which provides information about employers, workplaces and job opportunities.