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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $13.4880, but opened at $12.82. Ryohin Keikaku shares last traded at $12.82, with a volume of 176 shares changing hands.

Analysts Set New Price Targets

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

Ryohin Keikaku Price Performance

The stock’s fifty day moving average price is $12.94 and its 200-day moving average price is $11.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.00 and a quick ratio of 1.77. The firm has a market cap of $14.40 billion and a price-to-earnings ratio of 34.65.

Ryohin Keikaku (OTCMKTS:RYKKY) last posted its quarterly earnings data on Friday, July 10th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.54 billion. Equities research analysts predict that Ryohin Keikaku Co. Ltd. will post 0.41 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.