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

Fast Retailing (OTCMKTS:FRCOY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other analysts also recently weighed in on the stock. Sanford C. Bernstein started coverage on shares of Fast Retailing in a research report on Tuesday, May 26th. They set an “outperform” rating for the company. Nomura upgraded shares of Fast Retailing to a “hold” rating in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Fast Retailing currently has a consensus rating of “Hold”.

Fast Retailing Stock Performance

FRCOY stock opened at $50.56 on Tuesday. The business has a 50 day moving average price of $48.17 and a 200 day moving average price of $42.83. Fast Retailing has a fifty-two week low of $29.25 and a fifty-two week 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.