Recruit (OTCMKTS:RCRUY) Sees Large Volume Increase – Should You Buy?

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) saw unusually-high trading volume on Tuesday. Approximately 2,285,471 shares traded hands during trading, an increase of 146% from the average daily volume of 928,341 shares. The stock last traded at $22.65 and had previously closed at $22.66.

Analyst Upgrades and Downgrades

RCRUY has been the topic of several research reports. Zacks Research downgraded Recruit from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Erste Group Bank raised Recruit to a “strong-buy” rating in a research note on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Recruit Stock Down 0.3%

The firm has a 50-day moving average of $22.22 and a two-hundred day moving average of $14.75. The company has a market capitalization of $166.39 billion, a PE ratio of 43.46 and a beta of 1.79.

Recruit (OTCMKTS:RCRUY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The business had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.19 billion. Recruit had a return on equity of 35.54% and a net margin of 14.94%. On average, equities research analysts expect that Recruit Holdings Co., Ltd. will post 0.72 EPS for the current year.

About Recruit

Recruit Holdings Co, Ltd. is a Japan-based technology and services company that connects people with jobs and helps businesses find workers and customers. Its operations include online recruitment platforms, staffing services and digital platforms that match consumers with businesses.

The company operates Indeed and Glassdoor, which provide job search, recruitment and workplace information services. In Japan, its platforms serve areas such as housing, travel, beauty, dining and automotive services, while its staffing business provides recruitment and temporary staffing services.

Founded in Japan in 1960, Recruit has expanded its services internationally, with operations spanning markets in North America, Europe and Asia-Pacific as well as its home market.