Fast Retailing (OTCMKTS:FRCOY) Rating Lowered to Hold at Zacks Research

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

Separately, Nomura upgraded shares of Fast Retailing to a “hold” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Fast Retailing Stock Down 2.0%

Fast Retailing stock opened at $39.12 on Monday. Fast Retailing has a 52-week low of $28.46 and a 52-week high of $45.83. The firm’s fifty day moving average is $41.24 and its 200 day moving average is $37.26.

Fast Retailing Company Profile

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.