Ryohin Keikaku (OTCMKTS:RYKKY) Sets New 1-Year High – Here’s Why

Shares of Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) reached a new 52-week high on Wednesday . The company traded as high as $15.39 and last traded at $15.39, with a volume of 364 shares trading hands. The stock had previously closed at $13.89.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein assumed coverage on Ryohin Keikaku in a research note on Tuesday, May 26th. They set a “market perform” rating for the company. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Ryohin Keikaku Stock Up 9.3%

The stock has a market capitalization of $17.28 billion and a P/E ratio of 41.59. The company’s 50-day moving average price is $12.37 and its 200 day moving average price is $11.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.77 and a current ratio of 3.00.

Ryohin Keikaku (OTCMKTS:RYKKY) last released its 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 firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.54 billion. As a group, equities analysts expect that Ryohin Keikaku Co. Ltd. will post 0.39 earnings per share for the current 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.