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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) shares gapped down before the market opened on Friday . The stock had previously closed at $15.0650, but opened at $14.50. Ryohin Keikaku shares last traded at $14.50, with a volume of 811 shares.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein began coverage on Ryohin Keikaku in a research report on Tuesday, May 26th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Ryohin Keikaku Price Performance

The stock’s 50 day moving average is $12.47 and its two-hundred day moving average is $11.69. The stock has a market capitalization of $16.29 billion and a PE ratio of 39.19. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.00 and a quick ratio of 1.77.

Ryohin Keikaku (OTCMKTS:RYKKY) last posted its quarterly earnings results on Friday, July 10th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates 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.