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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) shares gapped up before the market opened on Thursday . The stock had previously closed at $14.0850, but opened at $14.9620. Ryohin Keikaku shares last traded at $13.41, with a volume of 511 shares trading hands.

Analyst Ratings Changes

Separately, Sanford C. Bernstein initiated coverage on Ryohin Keikaku in a research note on Tuesday, May 26th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Ryohin Keikaku Stock Performance

The firm’s 50 day moving average is $12.54 and its 200-day moving average is $11.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.77 and a current ratio of 3.00. The firm has a market cap of $16.29 billion and a price-to-earnings ratio of 39.19.

Ryohin Keikaku (OTCMKTS:RYKKY) last announced its quarterly earnings results on Friday, July 10th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.54 billion. Sell-side analysts anticipate that Ryohin Keikaku Co. Ltd. will post 0.39 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.