Recruit (OTCMKTS:RCRUY) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY)’s share price crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $22.20 and traded as low as $21.22. Recruit shares last traded at $22.01, with a volume of 2,057,647 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RCRUY shares. Zacks Research lowered Recruit from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Erste Group Bank raised shares of Recruit to a “strong-buy” rating in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Recruit currently has a consensus rating of “Buy”.

Recruit Price Performance

The stock has a market capitalization of $162.05 billion, a P/E ratio of 42.33 and a beta of 1.79. The stock’s fifty day moving average is $22.20 and its two-hundred day moving average is $14.69.

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 return on equity of 35.54% and a net margin of 14.94%. The company had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Analysts expect that Recruit Holdings Co., Ltd. will post 0.72 EPS for the current year.

Recruit Company Profile

Recruit Holdings Co, Ltd. is a Japan-based technology and services company that connects people with jobs and helps businesses find workers and customers. Its operations include online recruitment platforms, staffing services and digital platforms that match consumers with businesses.

The company operates Indeed and Glassdoor, which provide job search, recruitment and workplace information services. In Japan, its platforms serve areas such as housing, travel, beauty, dining and automotive services, while its staffing business provides recruitment and temporary staffing services.

Founded in Japan in 1960, Recruit has expanded its services internationally, with operations spanning markets in North America, Europe and Asia-Pacific as well as its home market.