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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) gapped down before the market opened on Thursday . The stock had previously closed at $13.61, but opened at $11.96. Ryohin Keikaku shares last traded at $11.93, with a volume of 893 shares.

Analyst Upgrades and Downgrades

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

Ryohin Keikaku Stock Performance

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 has a 50-day moving average of $13.52 and a 200 day moving average of $12.10. The stock has a market capitalization of $14.00 billion, a P/E ratio of 33.69, a PEG ratio of 1.72 and a beta of 0.48.

Ryohin Keikaku (OTCMKTS:RYKKY) last announced its quarterly earnings results on Friday, July 10th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.54 billion. Research analysts anticipate that Ryohin Keikaku Co. Ltd. will post 0.41 EPS for the current fiscal year.

About Ryohin Keikaku

Ryohin Keikaku Co, Ltd. is a Japanese retail and consumer products company best known for operating the MUJI brand. The company develops and sells products designed around simplicity, functionality and reduced packaging, including household goods, furniture, apparel, stationery, cosmetics, food and travel-related items.

Founded in Japan in 1980, Ryohin Keikaku initially operated MUJI as a private-label brand before expanding the concept into a broad retail business. In addition to its stores and e-commerce operations, the company has developed related businesses such as cafés, restaurants, hotels and other lifestyle-oriented services.

Ryohin Keikaku serves customers through a network of retail locations and digital channels in Japan and international markets.