Recruit (OTCMKTS:RCRUY) Shares Up 8.2% – Still a Buy?

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) shares rose 8.2% during mid-day trading on Tuesday . The stock traded as high as $21.1145 and last traded at $21.01. Approximately 23,725 shares traded hands during 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 report on Friday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Recruit Price Performance

The firm has a market capitalization of $155.20 billion, a PE ratio of 40.54 and a beta of 1.70. The company has a 50-day moving average price of $14.87 and a 200-day moving average price of $11.38.

Recruit (OTCMKTS:RCRUY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.18 EPS for the quarter. Recruit had a return on equity of 36.40% and a net margin of 14.94%.The business had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.19 billion. On average, research analysts predict that Recruit Holdings Co., Ltd. will post 0.53 earnings per share 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.