Ryohin Keikaku (OTCMKTS:RYKKY) Reaches New 12-Month High After Better-Than-Expected Earnings

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) shares reached a new 52-week high during trading on Monday after the company announced better than expected quarterly earnings. The company traded as high as $12.9640 and last traded at $12.9640, with a volume of 1532 shares traded. The stock had previously closed at $11.75.

The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.54 billion.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein started coverage on shares of Ryohin Keikaku in a report 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, Ryohin Keikaku has a consensus rating of “Hold”.

Ryohin Keikaku Trading Up 10.3%

The company has a quick ratio of 1.56, a current ratio of 2.87 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $11.26 and its two-hundred day moving average is $10.94. The firm has a market cap of $14.56 billion and a P/E ratio of 64.82.

About Ryohin Keikaku

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.