Recruit (OTCMKTS:RCRUY) Sees Large Volume Increase – Should You Buy?

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) saw an uptick in trading volume on Tuesday. 2,285,471 shares changed hands during mid-day trading, an increase of 146% from the average daily volume of 928,341 shares. The stock last traded at $22.65 and had previously closed at $22.66.

Wall Street Analyst Weigh In

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

Recruit Stock Performance

The company has a market cap of $166.39 billion, a PE ratio of 43.46 and a beta of 1.79. The stock has a 50 day moving average of $22.22 and a 200-day moving average of $14.75.

Recruit (OTCMKTS:RCRUY) last issued its earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The firm had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.19 billion. Recruit had a return on equity of 35.54% and a net margin of 14.94%. Equities research analysts forecast 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.