Fast Retailing (OTCMKTS:FRCOY) Rating Increased to Hold at Nomura

Nomura upgraded shares of Fast Retailing (OTCMKTS:FRCOY) to a hold rating in a report published on Tuesday,Zacks.com reports.

Separately, Zacks Research upgraded shares of Fast Retailing from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Fast Retailing Stock Performance

Shares of FRCOY traded down $1.83 during mid-day trading on Tuesday, reaching $40.45. 40,438 shares of the company’s stock were exchanged, compared to its average volume of 71,548. The business’s fifty day simple moving average is $40.45 and its 200-day simple moving average is $36.45. Fast Retailing has a 52-week low of $28.46 and a 52-week high of $45.83.

About Fast Retailing

Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.

The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.