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

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) gapped down prior to trading on Monday. The stock had previously closed at $24.32, but opened at $22.89. Recruit shares last traded at $22.8215, with a volume of 25,878 shares traded.

Wall Street Analyst Weigh In

RCRUY has been the subject of a number of analyst reports. Erste Group Bank raised Recruit to a “strong-buy” rating in a research note on Wednesday, October 21st. Zacks Research lowered 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 given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

Recruit Price Performance

The firm’s 50-day simple moving average is $22.03 and its 200 day simple moving average is $14.41. The firm has a market capitalization of $168.53 billion, a price-to-earnings ratio of 44.02 and a beta of 1.79.

Recruit (OTCMKTS:RCRUY) last issued its earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. Recruit had a return on equity of 35.54% and a net margin of 14.94%. The firm had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.19 billion. As a group, research analysts predict that Recruit Holdings Co., Ltd. will post 0.72 earnings per share for the current year.

About Recruit

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.