Ryohin Keikaku (OTCMKTS:RYKKY) Trading Down 9% – Should You Sell?

Shares of Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) fell 9% during mid-day trading on Thursday . The company traded as low as $13.09 and last traded at $13.09. 772 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 4,454 shares. The stock had previously closed at $14.38.

Analyst Ratings Changes

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 for the company. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Ryohin Keikaku Stock Performance

The firm has a 50-day simple moving average of $11.89 and a two-hundred day simple moving average of $11.36. The company has a current ratio of 3.00, a quick ratio of 1.77 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $14.70 billion and a price-to-earnings ratio of 35.38.

Ryohin Keikaku (OTCMKTS:RYKKY) last announced 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 firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.54 billion. As a group, sell-side analysts forecast that Ryohin Keikaku Co. Ltd. will post 0.39 earnings per share 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.