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

Shares of Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) gapped down prior to trading on Monday. The stock had previously closed at $24.32, but opened at $22.89. Recruit shares last traded at $22.8215, with a volume of 25,878 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Zacks Research cut Recruit from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Erste Group Bank upgraded Recruit to a “strong-buy” rating in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Recruit Price Performance

The firm’s 50-day moving average is $22.13 and its 200 day moving average is $14.52. The stock has a market cap of $168.16 billion, a price-to-earnings ratio of 43.54 and a beta of 1.79.

Recruit (OTCMKTS:RCRUY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.19 billion. Recruit had a net margin of 14.94% and a return on equity of 35.54%. On average, sell-side 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 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.