Recruit (OTCMKTS:RCRUY) Reaches New 52-Week High – Here’s Why

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY)’s share price hit a new 52-week high on Thursday . The stock traded as high as $21.26 and last traded at $21.03, with a volume of 547423 shares trading hands. The stock had previously closed at $21.19.

Analysts Set New Price Targets

Separately, Zacks Research cut Recruit from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Recruit Price Performance

The business’s fifty day simple moving average is $15.18 and its 200 day simple moving average is $11.53. The stock has a market cap of $154.83 billion, a price-to-earnings ratio of 40.44 and a beta of 1.70.

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 net margin of 14.94% and a return on equity of 36.40%. The company had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.19 billion. As a group, equities analysts forecast that Recruit Holdings Co., Ltd. will post 0.53 EPS 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.