Fast Retailing (OTCMKTS:FRCOY – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.
Fast Retailing Stock Performance
Shares of OTCMKTS:FRCOY opened at $36.47 on Wednesday. The firm has a 50 day simple moving average of $36.29 and a 200-day simple moving average of $33.52. Fast Retailing has a twelve month low of $28.46 and a twelve month high of $38.53.
Fast Retailing Company Profile
Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.
The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.
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