Ryohin Keikaku (OTCMKTS:RYKKY) Shares Gap Up – Here’s What Happened

Shares of Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) gapped up before the market opened on Wednesday . The stock had previously closed at $12.35, but opened at $13.51. Ryohin Keikaku shares last traded at $13.51, with a volume of 510 shares traded.

Wall Street Analyst Weigh In

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

Ryohin Keikaku Trading Down 5.5%

The company has a debt-to-equity ratio of 0.20, a current ratio of 3.00 and a quick ratio of 1.56. The business has a 50-day simple moving average of $11.60 and a two-hundred day simple moving average of $11.22. The stock has a market cap of $14.53 billion and a price-to-earnings ratio of 34.97.

Ryohin Keikaku (OTCMKTS:RYKKY) last released its quarterly earnings data on Friday, July 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.54 billion. Equities analysts forecast that Ryohin Keikaku Co. Ltd. will post 0.39 EPS for the current fiscal year.

Ryohin Keikaku Company Profile

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.