Recruit (OTCMKTS:RCRUY) Sees Strong Trading Volume – Still a Buy?

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY – Get Free Report) saw strong trading volume on Wednesday. Approximately 1,677,639 shares traded hands during mid-day trading, an increase of 97% from the average daily volume of 853,265 shares. The stock last traded at $22.82 and had previously closed at $22.64.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RCRUY. Zacks Research downgraded shares of Recruit from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Erste Group Bank raised Recruit to a “strong-buy” rating in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Recruit presently has an average rating of “Buy”.

Check Out Our Latest Research Report on Recruit

Recruit Stock Performance

The firm has a 50-day moving average of $22.13 and a 200-day moving average of $14.52. The firm has a market capitalization of $167.79 billion, a P/E ratio of 43.83 and a beta of 1.79.

Recruit (OTCMKTS:RCRUY – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.19 billion. Recruit had a net margin of 14.94% and a return on equity of 35.54%. On average, research analysts forecast that Recruit Holdings Co., Ltd. will post 0.72 EPS for the current fiscal year.

Recruit Company Profile

(Get Free Report)

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.

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