Recruit (OTCMKTS:RCRUY) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $22.20 and traded as low as $21.22. Recruit shares last traded at $22.01, with a volume of 2,057,647 shares changing hands.

Analyst Ratings Changes

A number of research firms have weighed in on RCRUY. Zacks Research cut Recruit from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Erste Group Bank raised Recruit to a “strong-buy” rating in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Recruit Trading Down 2.4%

The stock has a market capitalization of $162.05 billion, a PE ratio of 42.33 and a beta of 1.79. The firm’s fifty day moving average is $22.20 and its 200-day moving average is $14.69.

Recruit (OTCMKTS:RCRUY) last released its quarterly earnings data on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $6.56 billion during 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%. As a group, equities analysts predict that Recruit Holdings Co., Ltd. will post 0.72 EPS for the current year.

About Recruit

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.