Recruit (OTCMKTS:RCRUY) Shares Gap Up – Time to Buy?

Shares of Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) gapped up before the market opened on Tuesday . The stock had previously closed at $14.36, but opened at $15.27. Recruit shares last traded at $15.25, with a volume of 2,669 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Recruit from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Recruit Stock Down 1.2%

The firm has a market capitalization of $109.85 billion, a PE ratio of 16.22 and a beta of 1.72. The firm’s fifty day simple moving average is $12.61 and its 200-day simple moving average is $10.66.

Recruit (OTCMKTS:RCRUY) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.09 earnings per share for the quarter. Recruit had a net margin of 13.47% and a return on equity of 32.62%. The company had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.72 billion. As a group, analysts predict that Recruit Holdings Co., Ltd. will post 0.53 earnings per share for the current year.

Recruit Company Profile

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.