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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) gapped down prior to trading on Wednesday . The stock had previously closed at $10.93, but opened at $10.1940. Ryohin Keikaku shares last traded at $10.3124, with a volume of 3,302 shares trading hands.

Analysts Set New Price Targets

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

Ryohin Keikaku Stock Performance

The company has a quick ratio of 1.56, a current ratio of 2.87 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $11.27 and a 200-day simple moving average of $10.84. The company has a market capitalization of $12.86 billion and a P/E ratio of 57.26.

Ryohin Keikaku (OTCMKTS:RYKKY) last announced its earnings results on Friday, April 10th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Equities analysts forecast that Ryohin Keikaku Co. Ltd. will post 0.38 EPS 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.