Fast Retailing (OTCMKTS:FRCOY – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.
Fast Retailing Stock Performance
Shares of FRCOY opened at $36.47 on Wednesday. The firm’s fifty day simple moving average is $36.29 and its 200-day simple moving average is $33.52. Fast Retailing has a twelve month low of $28.46 and a twelve month high of $38.53.
About Fast Retailing
Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.
The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.
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