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 $10.68, but opened at $11.2880. Ryohin Keikaku shares last traded at $11.2880, with a volume of 419 shares traded.

Analyst Upgrades and Downgrades

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

Ryohin Keikaku Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.56 and a current ratio of 2.87. The business has a 50-day moving average price of $11.43 and a 200 day moving average price of $10.81. The stock has a market capitalization of $12.86 billion and a P/E ratio of 57.25.

Ryohin Keikaku (OTCMKTS:RYKKY) last posted its quarterly earnings data on Friday, April 10th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, sell-side analysts forecast that Ryohin Keikaku Co. Ltd. will post 0.38 EPS 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.