Ryohin Keikaku (OTCMKTS:RYKKY) Shares Gap Up – What’s Next?

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $10.61, but opened at $11.20. Ryohin Keikaku shares last traded at $11.20, with a volume of 347 shares traded.

Wall Street Analyst Weigh In

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

Ryohin Keikaku Stock Up 7.7%

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.87 and a quick ratio of 1.56. The stock has a market capitalization of $12.58 billion and a PE ratio of 56.00. The company has a 50 day moving average price of $11.41 and a 200-day moving average price of $10.70.

Ryohin Keikaku (OTCMKTS:RYKKY) last posted its earnings results on Friday, April 10th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.28 billion. As a group, analysts forecast that Ryohin Keikaku Co. Ltd. will post 0.38 earnings per share for the current fiscal 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.