Recruit (OTCMKTS:RCRUY) Shares Gap Down – What’s Next?

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.

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 and one has issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Recruit Stock Performance

The company has a fifty day moving average of $13.90 and a two-hundred day moving average of $10.97. The firm has a market capitalization of $109.57 billion, a price-to-earnings ratio of 16.18 and a beta of 1.72.

Recruit (OTCMKTS:RCRUY) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.09 EPS for the quarter. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.72 billion. Recruit had a return on equity of 32.62% and a net margin of 13.47%. Equities analysts forecast that Recruit Holdings Co., Ltd. will post 0.53 EPS for the current year.

About Recruit

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.