Ryohin Keikaku (OTCMKTS:RYKKY) Shares Gap Up – What’s Next?

Shares of Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) gapped up prior to trading on Wednesday . The stock had previously closed at $12.35, but opened at $13.51. Ryohin Keikaku shares last traded at $13.51, with a volume of 510 shares changing hands.

Analysts Set New Price Targets

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

Ryohin Keikaku Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 3.00 and a quick ratio of 1.56. The stock has a fifty day simple moving average of $11.51 and a two-hundred day simple moving average of $11.15. The firm has a market capitalization of $15.17 billion and a P/E ratio of 36.51.

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, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.54 billion. On average, research analysts predict that Ryohin Keikaku Co. Ltd. will post 0.39 EPS 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.