Recruit (OTCMKTS:RCRUY) Sets New 12-Month High – Time to Buy?

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $14.77 and last traded at $14.55, with a volume of 60262 shares changing hands. The stock had previously closed at $14.38.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Recruit from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Recruit Stock Performance

The company has a market capitalization of $105.73 billion, a PE ratio of 15.61 and a beta of 1.72. The company has a 50 day moving average price of $12.27 and a 200 day moving average price of $10.59.

Recruit (OTCMKTS:RCRUY) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter. Recruit had a net margin of 13.47% and a return on equity of 32.62%. The business had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.72 billion. On average, equities analysts forecast that Recruit Holdings Co., Ltd. will post 0.53 earnings per share for the current fiscal year.

About Recruit

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.