Recruit (OTCMKTS:RCRUY) Sets New 52-Week High – Here’s Why

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $18.80 and last traded at $18.80, with a volume of 22400 shares. The stock had previously closed at $16.24.

Analysts Set New Price Targets

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

Recruit Price Performance

The firm has a fifty day moving average of $14.61 and a 200 day moving average of $11.26. The stock has a market capitalization of $141.47 billion, a price-to-earnings ratio of 20.89 and a beta of 1.70.

Recruit (OTCMKTS:RCRUY) last announced 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 32.62% and a net margin of 13.47%. Research analysts predict 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.