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

Key Points

• Recruit Holdings Co., Ltd.'s stock price opened at $10.24 after closing at $10.55, indicating a gap down before the market opened on Thursday.
• The company received an upgrade from Goldman Sachs, moving from a "hold" to a "buy" rating, with a consensus rating of "buy" from analysts.
• In its latest earnings report, Recruit reported $0.58 earnings per share against expectations of $0.63, with a revenue of $6.08 billion compared to forecasts of $6.13 billion.

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $10.55, but opened at $10.24. Recruit shares last traded at $10.56, with a volume of 352,387 shares trading hands.

Analyst Upgrades and Downgrades

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

Recruit Stock Up 0.3%

The firm has a fifty day moving average price of $11.42 and a 200-day moving average price of $11.22. The firm has a market cap of $82.73 billion, a price-to-earnings ratio of 12.45 and a beta of 1.60.

Recruit (OTCMKTS:RCRUY - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share 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 earnings per share for the current fiscal 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.

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