Recruit (OTCMKTS:RCRUY) Sets New 12-Month High – Time to Buy?

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) shares hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $23.84 and last traded at $23.74, with a volume of 569,445 shares traded. The stock had previously closed at $22.93.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Recruit from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Recruit Stock Performance

The company’s fifty day moving average price is $21.42 and its 200 day moving average price is $15.80. The firm has a market capitalization of $174.79 billion, a price-to-earnings ratio of 44.10 and a beta of 1.80.

Recruit (OTCMKTS:RCRUY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The business 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, sell-side analysts expect that Recruit Holdings Co., Ltd. will post 0.72 earnings per share for the current year.

About Recruit

Recruit Holdings Co, Ltd. is a Japanese technology and services company that provides solutions connecting people with employment, housing, travel, dining, beauty and other consumer and business services. Its businesses operate through online platforms, digital products and related services designed to help individuals make decisions and help companies attract customers, employees and applicants.

Recruit’s Human Resources Technology segment includes Indeed, a global job-search and recruitment platform, and Glassdoor, which provides information about employers, workplaces and job opportunities.