Ryohin Keikaku (OTCMKTS:RYKKY) Shares Gap Up – What’s Next?

Shares of Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) gapped up prior to trading on Wednesday . The stock had previously closed at $10.61, but opened at $11.20. Ryohin Keikaku shares last traded at $11.20, with a volume of 347 shares.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein initiated coverage on Ryohin Keikaku in a research note on Tuesday, May 26th. They issued a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Ryohin Keikaku Stock Up 7.7%

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 company has a fifty day simple moving average of $11.41 and a 200 day simple moving average of $10.70. The firm has a market capitalization of $12.58 billion and a P/E ratio of 56.00.

Ryohin Keikaku (OTCMKTS:RYKKY) last released its earnings results on Friday, April 10th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. On average, equities analysts expect 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.