Recruit (OTCMKTS:RCRUY) Reaches New 1-Year High – Time to Buy?

Shares of Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) reached a new 52-week high during trading on Wednesday. The stock traded as high as $23.70 and last traded at $23.1580, with a volume of 48,624 shares changing hands. The stock had previously closed at $22.50.

Wall Street Analysts Forecast Growth

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

Recruit Stock Up 0.8%

The stock’s 50-day simple moving average is $21.02 and its 200 day simple moving average is $15.37. The company has a market cap of $169.26 billion, a price-to-earnings ratio of 44.21 and a beta of 1.80.

Recruit (OTCMKTS:RCRUY) last announced its earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. Recruit had a net margin of 14.94% and a return on equity of 35.54%. The company had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.19 billion. On average, sell-side analysts expect that Recruit Holdings Co., Ltd. will post 0.72 EPS for the current fiscal year.

Recruit Company Profile

Recruit Holdings Co, Ltd. is a Japanese technology and services company that operates platforms and businesses focused on connecting people with employment, housing, education, travel, dining and other consumer and business services. The company serves individuals, employers and service providers through digital marketplaces, online information services and software products.

Recruit’s principal businesses include Indeed, a global job search and employment platform, and Glassdoor, which provides employment information, company reviews and recruiting services.