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

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) shares gapped up before the market opened 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 trading hands.

Separately, Zacks Research lowered Recruit from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Recruit Stock Down 0.5%

The stock has a market capitalization of $179.06 billion, a price-to-earnings ratio of 46.77 and a beta of 1.80. The company’s 50-day simple moving average is $21.67 and its 200 day simple moving average is $16.18.

Recruit (OTCMKTS:RCRUY) last announced its quarterly 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 company had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $6.19 billion. On average, equities analysts expect 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 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.