Recruit (OTCMKTS:RCRUY) Sees Strong Trading Volume – Still a Buy?

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) saw strong trading volume on Friday . 926,962 shares traded hands during mid-day trading, a decline of 11% from the previous session’s volume of 1,038,523 shares.The stock last traded at $15.58 and had previously closed at $15.9750.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Recruit from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Recruit Stock Down 3.5%

The business’s 50 day moving average is $14.26 and its 200 day moving average is $11.11. The company has a market cap of $114.49 billion, a P/E ratio of 16.90 and a beta of 1.72.

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

Recruit Company Profile

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.