Recruit (OTCMKTS:RCRUY) Trading 8.2% Higher – Time to Buy?

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY)’s stock price traded up 8.2% during mid-day trading on Tuesday . The stock traded as high as $21.1145 and last traded at $21.01. 23,725 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 1,016,131 shares. The stock had previously closed at $19.41.

Wall Street Analysts Forecast Growth

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

Recruit Stock Up 0.4%

The stock has a market capitalization of $155.20 billion, a PE ratio of 40.54 and a beta of 1.70. The business’s fifty day moving average is $14.87 and its two-hundred day moving average is $11.38.

Recruit (OTCMKTS:RCRUY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.18 EPS 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 return on equity of 36.40% and a net margin of 14.94%. Sell-side analysts expect that Recruit Holdings Co., Ltd. will post 0.53 EPS for the current fiscal year.

Recruit Company Profile

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.