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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $11.33, but opened at $12.1325. Ryohin Keikaku shares last traded at $12.1325, with a volume of 101 shares.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein assumed coverage on shares of Ryohin Keikaku in a research note on Tuesday. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Ryohin Keikaku Trading Down 2.0%

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 company has a market cap of $12.69 billion and a P/E ratio of 56.50. The firm’s 50 day moving average is $11.36 and its two-hundred day moving average is $10.65.

Ryohin Keikaku (OTCMKTS:RYKKY) last issued its quarterly earnings results on Friday, April 10th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, equities research analysts anticipate that Ryohin Keikaku Co. Ltd. will post 0.38 EPS for the current 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.