Recruit (OTCMKTS:RCRUY) Share Price Breaks Below 50-Day Moving Average – Should You Sell?

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY)’s share price crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $22.20 and traded as low as $21.22. Recruit shares last traded at $22.01, with a volume of 2,057,647 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RCRUY shares. Erste Group Bank raised Recruit to a “strong-buy” rating in a research report on Wednesday, October 21st. Zacks Research downgraded 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 Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Recruit Trading Down 2.4%

The stock has a market capitalization of $162.05 billion, a price-to-earnings ratio of 42.33 and a beta of 1.79. The stock’s 50 day moving average is $22.20 and its 200 day moving average is $14.69.

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

Recruit Company Profile

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.