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

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $10.68, but opened at $11.2880. Ryohin Keikaku shares last traded at $11.2880, with a volume of 419 shares trading hands.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein assumed coverage on Ryohin Keikaku in a research note on Tuesday, May 26th. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company 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 stock’s fifty day simple moving average is $11.38 and its 200-day simple moving average is $10.82. The stock has a market cap of $12.02 billion and a P/E ratio of 53.49.

Ryohin Keikaku (OTCMKTS:RYKKY) last issued its quarterly earnings results on Friday, April 10th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. As a group, research analysts forecast that Ryohin Keikaku Co. Ltd. will post 0.38 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.