Recruit (OTCMKTS:RCRUY) Trading Down 5.8% – Here’s What Happened

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) dropped 5.8% during mid-day trading on Thursday . The company traded as low as $14.86 and last traded at $14.98. 137,697 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 1,061,028 shares. The stock had previously closed at $15.90.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Recruit from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, Recruit has a consensus rating of “Strong Buy”.

Recruit Stock Down 1.4%

The business has a 50-day simple moving average of $13.97 and a two-hundred day simple moving average of $11.00. The company has a market cap of $107.93 billion, a price-to-earnings ratio of 15.93 and a beta of 1.72.

Recruit (OTCMKTS:RCRUY) last released its quarterly earnings results on Friday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.72 billion. Recruit had a return on equity of 32.62% and a net margin of 13.47%. As a group, equities analysts anticipate that Recruit Holdings Co., Ltd. will post 0.53 earnings per share for the current 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.