Recruit (OTCMKTS:RCRUY) Reaches New 52-Week High – Time to Buy?

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) hit a new 52-week high on Tuesday . The stock traded as high as $15.68 and last traded at $15.2915, with a volume of 232554 shares changing hands. The stock had previously closed at $15.33.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Recruit from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

Recruit Price Performance

The firm has a market capitalization of $114.56 billion, a PE ratio of 16.91 and a beta of 1.72. The company’s fifty day simple moving average is $12.97 and its 200 day simple moving average is $10.75.

Recruit (OTCMKTS:RCRUY) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.09 earnings per share for the quarter. Recruit had a return on equity of 32.62% and a net margin of 13.47%.The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.72 billion. On average, analysts anticipate that Recruit Holdings Co., Ltd. will post 0.53 earnings per share for the current fiscal 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.