Recruit (OTCMKTS:RCRUY) Hits New 52-Week High – Still a Buy?

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY – Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $22.41 and last traded at $22.3020, with a volume of 63013 shares. The stock had previously closed at $21.39.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Recruit from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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Recruit Stock Up 3.9%

The company has a market cap of $163.97 billion, a price-to-earnings ratio of 42.83 and a beta of 1.70. The stock has a 50 day simple moving average of $16.73 and a 200 day simple moving average of $12.33.

Recruit (OTCMKTS:RCRUY – Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $6.19 billion. Recruit had a net margin of 14.94% and a return on equity of 36.40%. As a group, equities research analysts expect that Recruit Holdings Co., Ltd. will post 0.53 EPS for the current fiscal year.

About Recruit

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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.

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