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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY)’s share price gapped down prior to trading 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 changing hands.

Analyst Upgrades and Downgrades

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

Ryohin Keikaku Trading Up 4.5%

The business has a 50 day moving average price of $12.07 and a 200-day moving average price of $11.46. The firm has a market capitalization of $16.40 billion and a PE ratio of 39.46. The company has a current ratio of 3.00, a quick ratio of 1.77 and a debt-to-equity ratio of 0.20.

Ryohin Keikaku (OTCMKTS:RYKKY) last released its earnings results on Friday, July 10th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.54 billion. Analysts expect that Ryohin Keikaku Co. Ltd. will post 0.39 earnings per share 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.