Recruit (OTCMKTS:RCRUY) Shares Gap Up - Time to Buy?

Key Points

• Shares of Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) gapped up from $10.37 to $10.84 before trading, closing at $10.86.
• The Goldman Sachs Group upgraded Recruit's rating from "hold" to "buy", contributing to its average rating of "Buy" among analysts.
• Recruit reported earnings of $0.58 per share in its most recent quarter, although its revenue of $6.08 billion fell short of analyst estimates.

Shares of Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $10.37, but opened at $10.84. Recruit shares last traded at $10.86, with a volume of 17,506 shares trading hands.

Analyst Ratings Changes

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 data from MarketBeat, Recruit presently has an average rating of "Buy".

Recruit Trading Up 4.6%

The business's 50 day moving average price is $11.60 and its two-hundred day moving average price is $11.28. The stock has a market cap of $84.84 billion, a P/E ratio of 12.76 and a beta of 1.58.

Recruit (OTCMKTS:RCRUY - Get Free Report) last announced 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 analyst estimates of $6.13 billion. Recruit had a net margin of 12.00% and a return on equity of 26.14%. As a group, analysts expect that Recruit Holdings Co., Ltd. will post 0.36 earnings per share 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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