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

Key Points

• Shares gapped down before Friday's open, opening at $7.58 after a $7.92 close and last trading at $7.89 on volume of about 28,424 shares, roughly a 2.0% intraday decline.
• Recent results and valuation: Recruit reported $0.13 EPS and $6.12 billion in quarterly revenue (vs. $6.03B expected), has a market cap of $60.7 billion and a PE of 8.72, and analysts forecast $0.36 EPS for the year.
• Business profile: Tokyo-based Recruit is a diversified HR and information-services group operating staffing, recruitment platforms, HR tech and consumer-facing marketplaces connecting employers and job seekers.

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 $7.92, but opened at $7.58. Recruit shares last traded at $7.89, with a volume of 28,424 shares changing hands.

Recruit Trading Down 2.0%

The firm has a market capitalization of $60.70 billion, a PE ratio of 8.72 and a beta of 1.68. The stock has a 50 day simple moving average of $9.46 and a 200 day simple moving average of $10.27.

Recruit (OTCMKTS:RCRUY - Get Free Report) last issued its earnings results on Monday, February 9th. The company reported $0.13 earnings per share (EPS) for the quarter. Recruit had a net margin of 12.85% and a return on equity of 30.37%. The firm had revenue of $6.12 billion for the quarter, compared to analysts' expectations of $6.03 billion. As a group, equities analysts anticipate that Recruit Holdings Co., Ltd. will post 0.36 earnings per share for the current year.

Recruit Company Profile

Recruit Holdings Co, Ltd. OTCMKTS: RCRUY is a Japan-based provider of human resources and information services that operates a diversified portfolio of staffing, recruitment and consumer-facing platforms. Headquartered in Tokyo, the company builds and runs digital marketplaces and service businesses that connect employers with job seekers, support corporate HR functions, and offer related marketing and consumer services in areas such as lifestyle and local search.

The company’s principal activities include online job search and employer branding platforms, temporary and permanent staffing, recruitment process outsourcing, and HR technology solutions.

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