Ryohin Keikaku (OTCMKTS:RYKKY) Shares Up 6.2% – What’s Next?

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY)’s stock price traded up 6.2% during mid-day trading on Friday . The stock traded as high as $14.41 and last traded at $14.39. 647 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 4,633 shares. The stock had previously closed at $13.55.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein initiated coverage on 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 MarketBeat.com, Ryohin Keikaku currently has an average rating of “Hold”.

Ryohin Keikaku Stock Performance

The stock’s 50-day simple moving average is $11.37 and its 200-day simple moving average is $11.05. The stock has a market cap of $16.16 billion and a price-to-earnings ratio of 38.89. The company has a current ratio of 2.87, a quick ratio of 1.56 and a debt-to-equity ratio of 0.20.

Ryohin Keikaku (OTCMKTS:RYKKY) last released its quarterly earnings results 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 business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.54 billion. Analysts forecast that Ryohin Keikaku Co. Ltd. will post 0.39 earnings per share for the current fiscal year.

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.