Fast Retailing (OTCMKTS:FRCOY) Downgraded to “Hold” Rating by Zacks Research

Zacks Research cut shares of Fast Retailing (OTCMKTS:FRCOY) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Separately, Nomura raised shares of Fast Retailing to a “hold” rating in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Fast Retailing currently has a consensus rating of “Hold”.

Fast Retailing Trading Down 2.0%

Shares of FRCOY opened at $39.12 on Monday. The company has a 50-day moving average of $41.24 and a two-hundred day moving average of $37.26. Fast Retailing has a one year low of $28.46 and a one year high of $45.83.

About Fast Retailing

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.