Fast Retailing (OTCMKTS:FRCOY) Rating Increased to Strong-Buy at Zacks Research

Fast Retailing (OTCMKTS:FRCOY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Nomura upgraded Fast Retailing to a “hold” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Fast Retailing Trading Up 3.7%

Shares of FRCOY opened at $47.18 on Wednesday. The business’s fifty day moving average price is $42.59 and its two-hundred day moving average price is $39.42. Fast Retailing has a 52 week low of $29.25 and a 52 week high of $48.55.

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.