Recruit (OTCMKTS:RCRUY) Shares Gap Down – Time to Sell?

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) gapped down before the market opened on Wednesday . The stock had previously closed at $15.90, but opened at $15.08. Recruit shares last traded at $15.0650, with a volume of 60,392 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Recruit from a “hold” rating to a “strong-buy” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Recruit Price Performance

The firm’s 50 day moving average is $13.69 and its 200 day moving average is $10.92. The company has a market capitalization of $110.88 billion, a PE ratio of 16.37 and a beta of 1.72.

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