Fast Retailing (OTCMKTS:FRCOY) Shares Up 0.6% – Should You Buy?

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) shares were up 0.6% on Friday . The company traded as high as $38.75 and last traded at $38.10. Approximately 100,845 shares changed hands during trading, an increase of 39% from the average daily volume of 72,367 shares. The stock had previously closed at $37.89.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Fast Retailing from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Fast Retailing has an average rating of “Hold”.

Fast Retailing Trading Up 0.6%

The business’s 50-day simple moving average is $37.31 and its 200 day simple moving average is $34.56.

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.