Ryohin Keikaku (OTCMKTS:RYKKY) Reaches New 52-Week High – Should You Buy?

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $15.39 and last traded at $15.39, with a volume of 364 shares. The stock had previously closed at $13.89.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein began coverage on Ryohin Keikaku in a report on Tuesday, May 26th. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Ryohin Keikaku currently has an average rating of “Hold”.

Ryohin Keikaku Trading Up 9.3%

The firm has a market capitalization of $17.28 billion and a PE ratio of 41.59. The company has a quick ratio of 1.77, a current ratio of 3.00 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $12.37 and its 200 day simple moving average is $11.63.

Ryohin Keikaku (OTCMKTS:RYKKY) last issued its quarterly earnings results on Friday, July 10th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.54 billion. On average, sell-side analysts predict that Ryohin Keikaku Co. Ltd. will post 0.39 earnings per share for the current 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.