51Jobs Inc. (JOBS) Sees Large Volume Increase
51Jobs Inc. (NASDAQ:JOBS) shares saw unusually-strong trading volume on Friday . Approximately 65,294 shares traded hands during mid-day trading, a decline of 10% from the previous session’s volume of 72,315 shares.The stock last traded at $31.07 and had previously closed at $30.81.
Separately, TheStreet upgraded shares of 51Jobs from a “hold” rating to a “buy” rating in a research note on Friday, April 15th.
The company’s 50-day moving average is $30.22 and its 200-day moving average is $29.54. The company has a market capitalization of $1.84 billion and a PE ratio of 22.51.
51Jobs (NASDAQ:JOBS) last posted its earnings results on Thursday, May 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $523.80 million for the quarter, compared to the consensus estimate of $78.90 million. On average, equities analysts predict that 51Jobs Inc. will post $1.56 earnings per share for the current year.
A hedge fund recently raised its stake in 51Jobs stock. California Public Employees Retirement System raised its position in 51Jobs Inc. (NASDAQ:JOBS) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,600 shares of the company’s stock after buying an additional 10,400 shares during the period. California Public Employees Retirement System owned approximately 0.17% of 51Jobs worth $2,875,000 at the end of the most recent quarter.
51job, Inc is a holding company. The Company is a provider of integrated human resource services in China. With a focus on recruitment advertising, the Company operates www.51job.com which is utilized by a base of corporate employers, reaches an audience of job seekers and aggregates job information from over 100 cities across China.
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