Ryohin Keikaku (OTCMKTS:RYKKY) Trading Up 7.5% – Here’s Why

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) traded up 7.5% during trading on Monday . The stock traded as high as $11.50 and last traded at $11.50. Approximately 430 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 4,801 shares. The stock had previously closed at $10.6980.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein assumed coverage on 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 presently has a consensus rating of “Hold”.

Ryohin Keikaku Stock Up 1.5%

The firm’s fifty day simple moving average is $11.36 and its 200 day simple moving average is $10.83. The company has a current ratio of 2.87, a quick ratio of 1.56 and a debt-to-equity ratio of 0.20. The company has a market cap of $12.81 billion and a price-to-earnings ratio of 57.05.

Ryohin Keikaku (OTCMKTS:RYKKY) last issued 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 for the quarter, compared to analysts’ expectations of $1.28 billion. Sell-side analysts predict that Ryohin Keikaku Co. Ltd. will post 0.38 earnings per share for the current 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.