Recruit (OTCMKTS:RCRUY) Sees Strong Trading Volume – Here’s What Happened

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) shares saw unusually-strong trading volume on Monday . Approximately 986,277 shares were traded during mid-day trading, an increase of 87% from the previous session’s volume of 528,153 shares.The stock last traded at $10.27 and had previously closed at $10.47.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Recruit from a “hold” rating to a “buy” rating in a research note on Sunday, July 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Recruit Stock Down 2.7%

The firm has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $11.21. The company has a market capitalization of $79.68 billion, a P/E ratio of 11.71 and a beta of 1.61.

Recruit (OTCMKTS:RCRUY) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter. Recruit had a return on equity of 27.07% and a net margin of 12.26%.The firm had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.12 billion. On average, analysts predict that Recruit Holdings Co., Ltd. will post 0.36 EPS for the current fiscal year.

Recruit Company Profile

Recruit Holdings Co, Ltd. provides HR technology and business solutions that transforms the world of work. It operates through three segments: HR Technology, Matching & Solutions, and Staffing. The HR Technology segment provides various technological solutions that help job seekers and employers in navigating hiring and recruitment.