Fast Retailing (OTCMKTS:FRCOY) Lowered to Hold Rating by Zacks Research

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

Other analysts have also recently issued research reports about the company. Sanford C. Bernstein initiated coverage on Fast Retailing in a research report on Tuesday, May 26th. They set an “outperform” rating on the stock. Nomura raised Fast Retailing to a “hold” rating in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Fast Retailing Stock Up 0.0%

OTCMKTS FRCOY opened at $50.56 on Tuesday. The firm’s fifty day moving average price is $48.17 and its 200 day moving average price is $42.83. Fast Retailing has a 12 month low of $29.25 and a 12 month high of $53.15.

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.