Recruit (OTCMKTS:RCRUY) Stock Price Down 9.3% – Time to Sell?

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY)’s share price dropped 9.3% during trading on Thursday. The stock traded as low as $20.00 and last traded at $20.20. 14,027 shares changed hands during trading, a decline of 98% from the average daily volume of 918,071 shares. The stock had previously closed at $22.26.

Analysts Set New Price Targets

Separately, Zacks Research lowered Recruit from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Recruit Stock Up 2.8%

The firm’s 50-day moving average price is $19.56 and its two-hundred day moving average price is $14.19. The firm has a market capitalization of $153.66 billion, a PE ratio of 40.14 and a beta of 1.74.

Recruit (OTCMKTS:RCRUY) last released its earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $6.56 billion during 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%. Equities research analysts forecast that Recruit Holdings Co., Ltd. will post 0.72 EPS for the current year.

About Recruit

Recruit Holdings Co, Ltd. is a Japanese technology and human-resources company that operates digital platforms and staffing services in Japan and international markets. The company connects job seekers with employers, consumers with businesses, and customers with a range of services through online marketplaces and related technology.

Its Human Resources Technology business includes Indeed, a global job-search and recruitment platform, and Glassdoor, which provides employment information, company reviews and job listings.