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 Wednesday . The stock had previously closed at $13.49, but opened at $11.71. Ryohin Keikaku shares last traded at $11.71, with a volume of 128 shares.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein assumed coverage on Ryohin Keikaku in a research note on Tuesday, May 26th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Ryohin Keikaku Stock Down 13.2%

The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 1.71 and a beta of 0.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.77 and a current ratio of 3.00. The business’s 50 day moving average is $13.75 and its 200-day moving average is $12.21.

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

Ryohin Keikaku Company Profile

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.