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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) gapped down prior to trading on Thursday . The stock had previously closed at $13.61, but opened at $11.96. Ryohin Keikaku shares last traded at $11.93, with a volume of 893 shares changing hands.

Analysts Set New Price Targets

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

Ryohin Keikaku Stock Performance

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 company has a market cap of $14.00 billion, a P/E ratio of 33.69, a P/E/G ratio of 1.72 and a beta of 0.48. The firm has a 50 day moving average price of $13.52 and a 200-day moving average price of $12.10.

Ryohin Keikaku (OTCMKTS:RYKKY) last announced its earnings results on Friday, July 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.54 billion. On average, research analysts predict that Ryohin Keikaku Co. Ltd. will post 0.41 EPS for the current year.

Ryohin Keikaku Company Profile

Ryohin Keikaku Co, Ltd. is a Japanese retail and consumer products company best known for operating the MUJI brand. The company develops and sells products designed around simplicity, functionality and reduced packaging, including household goods, furniture, apparel, stationery, cosmetics, food and travel-related items.

Founded in Japan in 1980, Ryohin Keikaku initially operated MUJI as a private-label brand before expanding the concept into a broad retail business. In addition to its stores and e-commerce operations, the company has developed related businesses such as cafés, restaurants, hotels and other lifestyle-oriented services.

Ryohin Keikaku serves customers through a network of retail locations and digital channels in Japan and international markets.