Recruit (OTCMKTS:RCRUY) Shares Gap Down – Here’s What Happened

Shares of Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) gapped down prior to trading on Wednesday . The stock had previously closed at $20.34, but opened at $19.51. Recruit shares last traded at $19.91, with a volume of 269,030 shares changing hands.

Wall Street Analysts Forecast Growth

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

Recruit Stock Down 2.3%

The stock has a market capitalization of $146.29 billion, a price-to-earnings ratio of 38.21 and a beta of 1.74. The company’s 50-day moving average is $17.90 and its 200-day moving average is $13.03.

Recruit (OTCMKTS:RCRUY) last posted its earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. Recruit had a net margin of 14.94% and a return on equity of 36.40%. The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.19 billion. Sell-side analysts anticipate 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.