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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) gapped up before the market opened on Wednesday . The stock had previously closed at $10.61, but opened at $11.20. Ryohin Keikaku shares last traded at $11.20, with a volume of 347 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein started coverage on Ryohin Keikaku in a research report on Tuesday, May 26th. They set 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 an average rating of “Hold”.

Ryohin Keikaku Stock Up 2.1%

The company has a 50-day moving average of $11.43 and a 200-day moving average of $10.73. 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 capitalization of $13.08 billion and a price-to-earnings ratio of 58.25.

Ryohin Keikaku (OTCMKTS:RYKKY) last issued its quarterly earnings results on Friday, April 10th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, equities analysts predict 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.