Recruit (OTCMKTS:RCRUY) Sees Strong Trading Volume – Should You Buy?

Shares of Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) saw unusually-high trading volume on Tuesday . Approximately 726,322 shares traded hands during trading, a decline of 28% from the previous session’s volume of 1,008,731 shares.The stock last traded at $20.33 and had previously closed at $20.61.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Recruit from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Recruit has a consensus rating of “Hold”.

Recruit Trading Down 1.8%

The company’s 50-day simple moving average is $15.63 and its 200 day simple moving average is $11.74. The stock has a market cap of $149.02 billion, a P/E ratio of 38.92 and a beta of 1.70.

Recruit (OTCMKTS:RCRUY) last released its earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.19 billion. Recruit had a return on equity of 36.40% and a net margin of 14.94%. Research analysts anticipate that Recruit Holdings Co., Ltd. will post 0.53 earnings per share for the current fiscal 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.