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

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $23.89, but opened at $24.84. Recruit shares last traded at $24.48, with a volume of 12,691 shares trading hands.

Analysts Set New Price Targets

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

Recruit Price Performance

The firm has a 50-day simple moving average of $21.53 and a 200 day simple moving average of $16.01. The stock has a market capitalization of $179.43 billion, a P/E ratio of 46.87 and a beta of 1.80.

Recruit (OTCMKTS:RCRUY) last released its quarterly earnings results 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 company had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Sell-side analysts anticipate that Recruit Holdings Co., Ltd. will post 0.72 earnings per share for the current fiscal year.

Recruit Company Profile

Recruit Holdings Co, Ltd. is a Japanese technology and services company that provides solutions connecting people with employment, housing, travel, dining, beauty and other consumer and business services. Its businesses operate through online platforms, digital products and related services designed to help individuals make decisions and help companies attract customers, employees and applicants.

Recruit’s Human Resources Technology segment includes Indeed, a global job-search and recruitment platform, and Glassdoor, which provides information about employers, workplaces and job opportunities.