Recruit (OTCMKTS:RCRUY) Shares Gap Down – What’s Next?

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) gapped down prior to trading on Thursday. The stock had previously closed at $23.60, but opened at $20.96. Recruit shares last traded at $21.21, with a volume of 2,994,726 shares changing hands.

Wall Street Analysts Forecast Growth

RCRUY has been the topic of a number of recent research reports. Zacks Research downgraded 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 analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Recruit Stock Performance

The company’s fifty day simple moving average is $22.26 and its two-hundred day simple moving average is $14.87. The stock has a market capitalization of $156.09 billion, a P/E ratio of 40.77 and a beta of 1.79.

Recruit (OTCMKTS:RCRUY) last announced its earnings results on Wednesday, November 11th. The company reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.62 billion. Recruit had a net margin of 14.94% and a return on equity of 35.54%. On average, research analysts predict that Recruit Holdings Co., Ltd. will post 0.72 earnings per share for the current fiscal year.

About Recruit

Recruit Holdings Co., Ltd. is a Japan-based technology and services company that connects people with jobs and helps businesses find workers and customers. Its operations include online recruitment platforms, staffing services and digital platforms that match consumers with businesses. The company operates Indeed and Glassdoor, which provide job search, recruitment and workplace information services. In Japan, its platforms serve areas such as housing, travel, beauty, dining and automotive services, while its staffing business provides recruitment and temporary staffing services.