Recruit (OTCMKTS:RCRUY) Sees Strong Trading Volume – Here’s What Happened

Shares of Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) saw unusually-high trading volume on Wednesday. Approximately 1,677,639 shares were traded 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 equities analysts have commented on RCRUY shares. Erste Group Bank raised Recruit to a “strong-buy” rating in a report on Wednesday, October 21st. Zacks Research lowered shares of Recruit from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Recruit Price Performance

The stock’s 50 day moving average is $22.19 and its two-hundred day moving average is $14.64. The firm has a market capitalization of $162.45 billion, a P/E ratio of 42.43 and a beta of 1.79.

Recruit (OTCMKTS:RCRUY) last released its earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. Recruit had a return on equity of 35.54% and a net margin of 14.94%. The firm had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.19 billion. As a group, equities research analysts expect that Recruit Holdings Co., Ltd. will post 0.72 EPS for the current 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.

Founded in Japan in 1960, Recruit has expanded its services internationally, with operations spanning markets in North America, Europe and Asia-Pacific as well as its home market.