Fast Retailing (OTCMKTS:FRCOY) Trading Down 0.1% – Here’s Why

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) fell 0.1% during mid-day trading on Monday . The company traded as low as $43.08 and last traded at $43.38. 49,257 shares were traded during trading, a decline of 32% from the average session volume of 72,699 shares. The stock had previously closed at $43.43.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Fast Retailing from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Fast Retailing Stock Down 0.1%

The firm has a 50 day moving average price of $39.50 and a two-hundred day moving average price of $35.96.

Fast Retailing Company Profile

Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.

The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.