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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $10.93, but opened at $10.1940. Ryohin Keikaku shares last traded at $10.3124, with a volume of 3,302 shares.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein assumed coverage on shares of Ryohin Keikaku in a research note on Tuesday, May 26th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Ryohin Keikaku Trading Up 4.8%

The company has a quick ratio of 1.56, a current ratio of 2.87 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $12.86 billion and a price-to-earnings ratio of 57.26. The business has a 50-day moving average of $11.27 and a two-hundred day moving average of $10.84.

Ryohin Keikaku (OTCMKTS:RYKKY) last announced its quarterly earnings data on Friday, April 10th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Research analysts predict that Ryohin Keikaku Co. Ltd. will post 0.38 EPS for the current fiscal year.

Ryohin Keikaku Company Profile

Ryohin Keikaku Co, Ltd., founded in 1980 and headquartered in Tokyo, is a Japanese retailer best known for its MUJI brand. The company’s core business revolves around the design, planning, manufacturing and sale of a broad array of household and consumer products. Emphasizing simplicity, functionality and quality, Ryohin Keikaku has built a reputation for its “no‐brand” or minimalist design philosophy, which seeks to eliminate unnecessary features and branding in favor of honest materials and understated aesthetics.

The company’s product portfolio includes furniture, kitchenware, home furnishings, apparel, stationery, personal care items and a curated selection of packaged foods.