Recruit (OTCMKTS:RCRUY) Shares Gap Up - What's Next?

Key Points

• Recruit Holdings Co., Ltd. shares opened at $12.40 after closing at $11.92, indicating positive market movement with a trading volume of 83,804 shares.
• The stock was upgraded to a "buy" rating by The Goldman Sachs Group, suggesting analysts have confidence in Recruit's potential for growth.
• In its recent earnings report, Recruit had a net margin of 11.49% and reported a revenue of $5.65 billion, falling short of the consensus estimate of $6.13 billion.

Shares of Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $11.92, but opened at $12.40. Recruit shares last traded at $12.09, with a volume of 83,804 shares traded.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Recruit to a "buy" rating in a research report on Sunday.

Recruit Price Performance

The business's 50-day moving average price is $11.35 and its two-hundred day moving average price is $11.76. The company has a market capitalization of $94.27 billion, a price-to-earnings ratio of 33.67 and a beta of 1.57.

Recruit (OTCMKTS:RCRUY - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported $0.06 earnings per share for the quarter. Recruit had a net margin of 11.49% and a return on equity of 22.63%. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $6.13 billion. As a group, research analysts predict that Recruit Holdings Co., Ltd. will post 0.36 EPS for the current 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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