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

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $21.39, but opened at $20.65. Recruit shares last traded at $21.2980, with a volume of 187,402 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Recruit from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Recruit Price Performance

The company has a market cap of $157.28 billion, a price-to-earnings ratio of 41.08 and a beta of 1.70. The business’s 50-day simple moving average is $16.58 and its 200-day simple moving average is $12.24.

Recruit (OTCMKTS:RCRUY) last released its quarterly earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. Recruit had a net margin of 14.94% and a return on equity of 36.40%. The business had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.19 billion. As a group, sell-side analysts forecast 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.