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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $14.00, but opened at $12.61. Ryohin Keikaku shares last traded at $14.60, with a volume of 644 shares traded.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein initiated coverage on shares of Ryohin Keikaku in a research report on Tuesday, May 26th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Ryohin Keikaku has an average rating of “Hold”.

Ryohin Keikaku Stock Performance

The company’s 50-day moving average price is $12.18 and its two-hundred day moving average price is $11.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.00 and a quick ratio of 1.77. The company has a market capitalization of $15.72 billion and a price-to-earnings ratio of 37.84.

Ryohin Keikaku (OTCMKTS:RYKKY) last posted its quarterly earnings results on Friday, July 10th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.54 billion. On average, equities research analysts anticipate that Ryohin Keikaku Co. Ltd. will post 0.39 EPS 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.