Ryohin Keikaku (OTCMKTS:RYKKY) Shares Gap Down – Time to Sell?

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY)’s stock 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 trading hands.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein assumed coverage on Ryohin Keikaku in a research note on Tuesday, May 26th. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Ryohin Keikaku has an average rating of “Hold”.

Ryohin Keikaku Stock Down 6.2%

The firm has a market cap of $12.02 billion and a price-to-earnings ratio of 53.49. The business has a fifty day simple moving average of $11.40 and a 200 day simple moving average of $10.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.87 and a quick ratio of 1.56.

Ryohin Keikaku (OTCMKTS:RYKKY) last issued its quarterly 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 firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.28 billion. As a group, equities analysts forecast that Ryohin Keikaku Co. Ltd. will post 0.38 EPS for the current fiscal year.

Ryohin Keikaku Company Profile

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.