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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $11.40, but opened at $10.6980. Ryohin Keikaku shares last traded at $10.6980, with a volume of 692 shares changing hands.

Analysts Set New Price Targets

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

Ryohin Keikaku Stock Up 5.1%

The company has a 50-day simple moving average of $11.36 and a 200-day simple moving average of $10.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.87 and a quick ratio of 1.56. The firm has a market cap of $12.62 billion and a PE ratio of 56.20.

Ryohin Keikaku (OTCMKTS:RYKKY) last posted its quarterly earnings results on Friday, April 10th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. Analysts expect that Ryohin Keikaku Co. Ltd. will post 0.38 earnings per share for the current fiscal year.

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.