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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $11.25, but opened at $12.0910. Ryohin Keikaku shares last traded at $12.25, with a volume of 513 shares.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein began coverage on shares of Ryohin Keikaku in a report on Tuesday, May 26th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Ryohin Keikaku currently has a consensus rating of “Hold”.

Ryohin Keikaku Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.56 and a current ratio of 2.87. The firm has a market capitalization of $13.20 billion and a P/E ratio of 58.75. The business has a fifty day moving average of $11.26 and a 200-day moving average of $10.93.

Ryohin Keikaku (OTCMKTS:RYKKY) last announced its earnings results on Friday, July 10th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.05. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.52 billion. On average, sell-side analysts forecast that Ryohin Keikaku Co. Ltd. will post 0.38 EPS 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.