Recruit (OTCMKTS:RCRUY) Trading Down 7.5% – Here’s Why

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) dropped 7.5% during mid-day trading on Friday . The stock traded as low as $7.72 and last traded at $8.0350. Approximately 155,361 shares traded hands during trading, a decline of 80% from the average daily volume of 760,257 shares. The stock had previously closed at $8.69.

Recruit Stock Performance

The company has a market cap of $66.23 billion, a P/E ratio of 9.52 and a beta of 1.66. The firm has a 50 day moving average price of $10.90 and a 200-day moving average price of $10.90.

Recruit (OTCMKTS:RCRUY) last announced its quarterly earnings results on Monday, February 9th. The company reported $0.13 earnings per share (EPS) for the quarter. Recruit had a return on equity of 30.40% and a net margin of 12.85%.The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.03 billion. On average, sell-side analysts forecast that Recruit Holdings Co., Ltd. will post 0.36 EPS for the current fiscal 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.