Ryohin Keikaku (OTCMKTS:RYKKY) Sees Strong Trading Volume – Here’s Why

Shares of Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) saw an uptick in trading volume on Thursday . Approximately 18,380 shares were traded during mid-day trading, an increase of 348% from the previous session’s volume of 4,103 shares.The stock last traded at $13.1040 and had previously closed at $13.4880.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein began coverage on Ryohin Keikaku in a research note on Tuesday, May 26th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Ryohin Keikaku Stock Down 1.2%

The company has a quick ratio of 1.77, a current ratio of 3.00 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $12.98 and its 200 day moving average price is $11.94. The firm has a market cap of $14.72 billion and a P/E ratio of 35.42.

Ryohin Keikaku (OTCMKTS:RYKKY) last issued its quarterly earnings data 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 firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.54 billion. As a group, research analysts expect that Ryohin Keikaku Co. Ltd. will post 0.41 earnings per share for the current 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.