Recruit (OTCMKTS:RCRUY) Sets New 1-Year High – Here’s What Happened

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) hit a new 52-week high during trading on Tuesday . The company traded as high as $15.68 and last traded at $15.2915, with a volume of 232554 shares trading hands. The stock had previously closed at $15.33.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Recruit from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Recruit Stock Performance

The firm has a market cap of $114.56 billion, a PE ratio of 16.91 and a beta of 1.72. The company’s 50-day simple moving average is $12.97 and its two-hundred day simple moving average is $10.75.

Recruit (OTCMKTS:RCRUY) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter. Recruit had a return on equity of 32.62% and a net margin of 13.47%.The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.72 billion. On average, analysts expect 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.