Ryohin Keikaku (OTCMKTS:RYKKY) Shares Gap Up – Time to Buy?

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $13.02, but opened at $13.81. Ryohin Keikaku shares last traded at $13.81, with a volume of 474 shares traded.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein initiated coverage on shares of Ryohin Keikaku in a research note on Tuesday, May 26th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Ryohin Keikaku Stock Performance

The firm has a market capitalization of $15.51 billion and a price-to-earnings ratio of 37.32. The firm has a 50 day moving average price of $11.30 and a 200-day moving average price of $10.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.87 and a quick ratio of 1.56.

Ryohin Keikaku (OTCMKTS:RYKKY) last released its earnings results on Friday, July 10th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.54 billion. As a group, sell-side analysts expect that Ryohin Keikaku Co. Ltd. will post 0.39 earnings per share for the current fiscal year.

About Ryohin Keikaku

Ryohin Keikaku Co, Ltd., founded in 1980 and headquartered in Tokyo, is a Japanese retailer best known for its MUJI brand. The company’s core business revolves around the design, planning, manufacturing and sale of a broad array of household and consumer products. Emphasizing simplicity, functionality and quality, Ryohin Keikaku has built a reputation for its “no‐brand” or minimalist design philosophy, which seeks to eliminate unnecessary features and branding in favor of honest materials and understated aesthetics.

The company’s product portfolio includes furniture, kitchenware, home furnishings, apparel, stationery, personal care items and a curated selection of packaged foods.