Recruit (OTCMKTS:RCRUY) Shares Gap Down - Here's What Happened

Key Points

• Recruit Holdings shares opened at $11.46, down from a previous close of $12.00, with recent trading at $11.87.
• The company's quarterly earnings revealed an EPS of $0.06 and revenue of $5.65 billion, which fell short of analysts' expectations of $6.13 billion.
• Recruit has a market capitalization of $92.90 billion and a P/E ratio of 33.18, indicating a significant valuation in the market.
• Analysts project that Recruit will post an EPS of 0.36 for the current fiscal year, reflecting ongoing profitability despite current challenges.

Shares of Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $12.00, but opened at $11.46. Recruit shares last traded at $11.87, with a volume of 841,378 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Recruit from a "hold" rating to a "buy" rating in a research report on Sunday.

Recruit Stock Performance

The stock has a 50 day moving average price of $11.36 and a 200 day moving average price of $11.75. The company has a market cap of $97.04 billion, a P/E ratio of 34.66 and a beta of 1.57.

Recruit (OTCMKTS:RCRUY - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported $0.06 EPS for the quarter. Recruit had a return on equity of 22.63% and a net margin of 11.49%. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $6.13 billion. As a group, equities research analysts predict that Recruit Holdings Co., Ltd. will post 0.36 earnings per share for the current year.

About Recruit

Recruit Holdings Co, Ltd. provides HR technology and business solutions that transforms the world of work. It operates through three segments: HR Technology, Matching & Solutions, and Staffing. The HR Technology segment provides various technological solutions that help job seekers and employers in navigating hiring and recruitment.