Ryohin Keikaku (OTCMKTS:RYKKY) Trading Down 15.1% – Should You Sell?

Shares of Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) dropped 15.1% during mid-day trading on Tuesday . The company traded as low as $12.35 and last traded at $12.35. 1,548 shares changed hands during trading, a decline of 66% from the average daily volume of 4,589 shares. The stock had previously closed at $14.5420.

Wall Street Analyst Weigh In

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

Ryohin Keikaku Price Performance

The stock has a market capitalization of $13.87 billion and a P/E ratio of 33.38. The business’s 50 day simple moving average is $11.49 and its two-hundred day simple moving average is $11.13. The company has a quick ratio of 1.56, a current ratio of 2.87 and a debt-to-equity ratio of 0.20.

Ryohin Keikaku (OTCMKTS:RYKKY) last announced its quarterly earnings results on Friday, July 10th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.54 billion. As a group, sell-side analysts forecast 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.