Ryohin Keikaku (OTCMKTS:RYKKY) Trading 12.6% Higher – Here’s Why

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) shares traded up 12.6% on Thursday . The company traded as high as $13.9060 and last traded at $13.9060. 647 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 4,567 shares. The stock had previously closed at $12.35.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein started coverage on Ryohin Keikaku in a research report on Tuesday, May 26th. They issued a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Ryohin Keikaku Trading Up 1.5%

The stock’s 50 day moving average is $11.57 and its 200-day moving average is $11.19. The company has a market cap of $15.62 billion and a P/E ratio of 37.58. The company has a current ratio of 3.00, a quick ratio of 1.56 and a debt-to-equity ratio of 0.20.

Ryohin Keikaku (OTCMKTS:RYKKY) last released its quarterly earnings data on Friday, July 10th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.54 billion. Research analysts anticipate that Ryohin Keikaku Co. Ltd. will post 0.39 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.