Ryohin Keikaku (OTCMKTS:RYKKY) Stock Price Up 4.9% After Strong Earnings

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) shares traded up 4.9% on Friday after the company announced better than expected quarterly earnings. The company traded as high as $12.17 and last traded at $12.17. 1,711 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 4,642 shares. The stock had previously closed at $11.60.

The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein started coverage on shares of Ryohin Keikaku in a research note on Tuesday, May 26th. They set a “market perform” rating on the stock. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Ryohin Keikaku Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.56 and a current ratio of 2.87. The stock has a market capitalization of $13.67 billion and a P/E ratio of 60.85. The business has a 50-day moving average price of $11.25 and a 200 day moving average price of $10.93.

About Ryohin Keikaku

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.