51job (JOBS) Downgraded by BidaskClub to Buy

BidaskClub lowered shares of 51job (NASDAQ:JOBS) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday morning.

Separately, TheStreet lowered shares of 51job from a b rating to a c+ rating in a research note on Monday, November 13th.

Shares of 51job (JOBS) traded up $1.79 during trading hours on Wednesday, hitting $65.88. 201,800 shares of the company’s stock were exchanged, compared to its average volume of 197,992. The firm has a market cap of $3,959.62, a price-to-earnings ratio of 34.83 and a beta of 1.24. 51job has a 52 week low of $31.25 and a 52 week high of $71.77. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 0.31.

Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its stake in shares of 51job by 21.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 82,110 shares of the company’s stock valued at $4,977,000 after purchasing an additional 14,347 shares during the last quarter. OxFORD Asset Management LLP acquired a new stake in shares of 51job in the 3rd quarter valued at $272,000. New York State Common Retirement Fund acquired a new stake in shares of 51job in the 2nd quarter valued at $834,000. KCS Wealth Advisory acquired a new stake in shares of 51job in the 4th quarter valued at $633,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of 51job by 104.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 183,446 shares of the company’s stock valued at $8,208,000 after purchasing an additional 93,817 shares during the last quarter. 40.84% of the stock is owned by institutional investors and hedge funds.

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About 51job

51job, Inc is a holding company. The Company is a provider of integrated human resource services in China. The Company focuses on online recruitment advertising. The Company operates over three Websites, including www.51job.com, www.yingjiesheng.com and www.51jingying.com, which are utilized by a base of corporate employers, reach an audience of job seekers and aggregate job information from over 100 cities across China.

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