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

Key Points

• Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) shares gapped down from $10.15 to $9.73 before opening, with the last recorded price at $10.07 and a trading volume of 2,718 shares.
• The stock was upgraded from a "hold" to a "buy" rating by The Goldman Sachs Group, contributing to an overall average rating of "buy" among analysts.
• For the most recent quarter, Recruit reported earnings of $0.58 per share and revenue of $6.08 billion, which fell short of analysts’ expectations of $6.13 billion.

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $10.15, but opened at $9.73. Recruit shares last traded at $10.07, with a volume of 2,718 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 note on Sunday, July 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy".

Recruit Stock Down 0.3%

The company has a 50 day moving average of $11.11 and a 200-day moving average of $11.21. The stock has a market capitalization of $79.17 billion, a P/E ratio of 11.91 and a beta of 1.60.

Recruit (OTCMKTS:RCRUY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 earnings per share (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 analysts forecast that Recruit Holdings Co., Ltd. will post 0.36 EPS for the current fiscal year.

Recruit Company Profile

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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