Recruit (OTCMKTS:RCRUY) Shares Gap Down - Should You Sell?

Key Points

• Recruit Holdings Co., Ltd. experienced a gap down in share price, opening at $10.18 compared to the previous close of $10.53 and trading at $10.24 with a volume of 5,776 shares.
• The company received an upgrade from Goldman Sachs, raising its rating from "hold" to "buy," indicating positive market sentiment despite recent share price declines.
• Recruit reported quarterly earnings of $0.58 per share with revenues of $6.08 billion, slightly below analysts' expectations of $6.13 billion, but forecasts indicate a potential EPS of 0.36 for the current year.

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $10.53, but opened at $10.18. Recruit shares last traded at $10.24, with a volume of 5,776 shares.

Wall Street Analysts Forecast Growth

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

Recruit Stock Performance

The company has a market capitalization of $80.07 billion, a P/E ratio of 12.05 and a beta of 1.60. The business's fifty day simple moving average is $11.29 and its 200-day simple moving average is $11.22.

Recruit (OTCMKTS:RCRUY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter. Recruit had a return on equity of 26.14% and a net margin of 12.00%.The business had revenue of $6.08 billion for the quarter, compared to analysts' expectations of $6.13 billion. As a group, analysts forecast that Recruit Holdings Co., Ltd. will post 0.36 EPS for the current 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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