Recruit (OTCMKTS:RCRUY) Sees Strong Trading Volume – Here’s What Happened

Shares of Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) saw unusually-high trading volume on Wednesday. 1,677,639 shares changed hands during trading, an increase of 97% from the average daily volume of 853,265 shares. The stock last traded at $22.82 and had previously closed at $22.64.

Analyst Ratings Changes

Several equities analysts have issued reports on RCRUY shares. Zacks Research cut shares of Recruit from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Erste Group Bank raised Recruit to a “strong-buy” rating in a research report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Recruit Price Performance

The stock has a market cap of $167.79 billion, a price-to-earnings ratio of 43.83 and a beta of 1.79. The firm’s fifty day moving average price is $22.13 and its two-hundred day moving average price is $14.52.

Recruit (OTCMKTS:RCRUY) last issued its earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Recruit had a return on equity of 35.54% and a net margin of 14.94%. On average, equities research analysts anticipate that Recruit Holdings Co., Ltd. will post 0.72 earnings per share for the current 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.