Recruit (OTCMKTS:RCRUY) Shares Gap Up Following Analyst Upgrade

Shares of Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) gapped up prior to trading on Thursday after Erste Group Bank upgraded the stock to a strong-buy rating. The stock had previously closed at $23.89, but opened at $24.84. Recruit shares last traded at $24.48, with a volume of 12,691 shares changing hands.

Separately, Zacks Research downgraded shares of Recruit from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Recruit currently has a consensus rating of “Buy”.

Recruit Trading Down 0.5%

The firm’s 50 day moving average is $21.67 and its two-hundred day moving average is $16.18. The firm has a market cap of $179.06 billion, a P/E ratio of 46.77 and a beta of 1.80.

Recruit (OTCMKTS:RCRUY) last posted its earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.19 billion. Recruit had a return on equity of 35.54% and a net margin of 14.94%. Analysts predict 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 provides solutions connecting people with employment, housing, travel, dining, beauty and other consumer and business services. Its businesses operate through online platforms, digital products and related services designed to help individuals make decisions and help companies attract customers, employees and applicants.

Recruit’s Human Resources Technology segment includes Indeed, a global job-search and recruitment platform, and Glassdoor, which provides information about employers, workplaces and job opportunities.