Recruit (OTCMKTS:RCRUY) Stock Price Up 8.2% – Here’s What Happened

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY)’s share price rose 8.2% during mid-day trading on Tuesday . The company traded as high as $21.1145 and last traded at $21.01. Approximately 23,725 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 1,016,131 shares. The stock had previously closed at $19.41.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Recruit from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Recruit currently has a consensus rating of “Hold”.

Recruit Price Performance

The business’s fifty day simple moving average is $15.18 and its two-hundred day simple moving average is $11.53. The company has a market cap of $154.83 billion, a PE ratio of 40.44 and a beta of 1.70.

Recruit (OTCMKTS:RCRUY) last posted its earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. Recruit had a net margin of 14.94% and a return on equity of 36.40%. The business had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.19 billion. As a group, analysts predict that Recruit Holdings Co., Ltd. will post 0.53 EPS for the current year.

About Recruit

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.