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 trading hands.

Analysts Set New Price Targets

RCRUY has been the subject of several analyst reports. Erste Group Bank raised Recruit to a “strong-buy” rating in a research report on Wednesday, October 21st. Zacks Research lowered Recruit from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Recruit has a consensus rating of “Buy”.

Recruit Stock Down 10.2%

The stock has a market capitalization of $156.09 billion, a price-to-earnings ratio of 40.77 and a beta of 1.79. The company has a 50 day simple moving average of $22.26 and a 200-day simple moving average of $14.87.

Recruit (OTCMKTS:RCRUY) last announced its quarterly earnings data on Wednesday, November 11th. The company reported $0.19 earnings per share for the quarter. Recruit had a net margin of 14.94% and a return on equity of 35.54%. The firm had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.62 billion. As a group, sell-side analysts anticipate that Recruit Holdings Co., Ltd. will post 0.72 earnings per share for the current fiscal year.

Recruit Company Profile

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.