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

Key Points

• Recruit Holdings Co., Ltd. shares gapped down from a previous close of $10.66 to open at $10.19, reflecting a fluctuation in trading activity.
• The Goldman Sachs Group upgraded Recruit from a "hold" to a "buy" rating, contributing to a consensus rating of "Buy" among equity research analysts.
• Recruit reported earnings of $0.58 EPS for the recent quarter, falling short of analysts' expectations of $6.13 billion in revenue.

Shares of Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $10.66, but opened at $10.19. Recruit shares last traded at $10.60, with a volume of 3,348 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Recruit from a "hold" rating to a "buy" rating in a research note on Sunday, July 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy".

Recruit Trading Down 0.5%

The firm has a 50-day simple moving average of $11.60 and a two-hundred day simple moving average of $11.24. The company has a market capitalization of $82.93 billion, a price-to-earnings ratio of 12.48 and a beta of 1.58.

Recruit (OTCMKTS:RCRUY - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.58 EPS for the quarter. The firm had revenue of $6.08 billion for the quarter, compared to analysts' expectations of $6.13 billion. Recruit had a return on equity of 26.14% and a net margin of 12.00%. Equities research analysts anticipate that Recruit Holdings Co., Ltd. will post 0.36 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.