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

Key Points

• Recruit Holdings Co., Ltd. gapped up with its stock opening at $12.65, up from a previous close of $12.17, indicating positive market movement.
• The Goldman Sachs Group upgraded its rating for Recruit from "hold" to "buy", which may influence investor confidence and stock performance.
• In its last quarterly earnings report, Recruit reported earnings per share (EPS) of $0.58 on revenue of $6.08 billion, slightly below analyst expectations.

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $12.17, but opened at $12.65. Recruit shares last traded at $12.65, with a volume of 438 shares changing hands.

Analyst Ratings Changes

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

Recruit Price Performance

The company has a market capitalization of $93.45 billion, a price-to-earnings ratio of 14.06 and a beta of 1.64. The stock has a 50-day moving average price of $11.50 and a 200-day moving average price of $11.53.

Recruit (OTCMKTS:RCRUY - Get Free Report) last released 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 25.24% and a net margin of 12.00%.The company had revenue of $6.08 billion during the quarter, compared to analysts' expectations of $6.13 billion. Equities analysts forecast that Recruit Holdings Co., Ltd. will post 0.36 earnings per share 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.