Ryohin Keikaku (OTCMKTS:RYKKY) Trading 4.9% Higher Following Earnings Beat

Shares of Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) shot up 4.9% on Friday following a better than expected earnings announcement. The company traded as high as $12.17 and last traded at $12.17. 1,711 shares changed hands during trading, a decline of 63% from the average daily volume of 4,642 shares. The stock had previously closed at $11.60.

The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05.

Wall Street Analyst Weigh In

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, According to data from MarketBeat, the company has an average rating of “Hold”.

Ryohin Keikaku Price Performance

The firm has a 50-day moving average of $11.25 and a 200 day moving average of $10.93. The company has a market capitalization of $13.67 billion and a PE ratio of 60.85. 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 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.