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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $13.4880, but opened at $12.82. Ryohin Keikaku shares last traded at $12.82, with a volume of 176 shares.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein started coverage on Ryohin Keikaku in a research note on Tuesday, May 26th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Ryohin Keikaku Trading Down 5.0%

The business has a fifty day moving average of $12.94 and a 200-day moving average of $11.92. The stock has a market capitalization of $14.40 billion and a price-to-earnings ratio of 34.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.00 and a quick ratio of 1.77.

Ryohin Keikaku (OTCMKTS:RYKKY) last issued its quarterly earnings results on Friday, July 10th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.54 billion. On average, equities analysts anticipate that Ryohin Keikaku Co. Ltd. will post 0.41 earnings per share for the current fiscal year.

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.