Recruit (OTCMKTS:RCRUY) Sees Large Volume Increase – Here’s Why

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) shares saw unusually-high trading volume on Wednesday . Approximately 5,418,283 shares were traded during mid-day trading, an increase of 290% from the previous session’s volume of 1,387,656 shares.The stock last traded at $9.07 and had previously closed at $8.93.

Recruit Trading Up 1.9%

The stock’s 50-day simple moving average is $8.89 and its 200-day simple moving average is $10.06. The stock has a market cap of $71.16 billion, a price-to-earnings ratio of 10.22 and a beta of 1.68.

Recruit (OTCMKTS:RCRUY) last released its quarterly earnings results on Monday, February 9th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.03 billion. Recruit had a net margin of 12.85% and a return on equity of 30.37%. On average, equities research analysts forecast that Recruit Holdings Co., Ltd. will post 0.36 earnings per share 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.