Ryohin Keikaku (OTCMKTS:RYKKY) Trading Down 7% – Here’s What Happened

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) fell 7% during trading on Wednesday . The stock traded as low as $13.99 and last traded at $13.99. Approximately 1,962 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 4,203 shares. The stock had previously closed at $15.04.

Analyst Ratings Changes

Separately, Sanford C. Bernstein initiated coverage on shares of Ryohin Keikaku in a research note on Tuesday, May 26th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Ryohin Keikaku Stock Performance

The stock has a 50 day simple moving average of $12.72 and a two-hundred day simple moving average of $11.80. The company has a market cap of $15.71 billion and a PE ratio of 37.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.00 and a quick ratio of 1.77.

Ryohin Keikaku (OTCMKTS:RYKKY) last issued its quarterly earnings data on Friday, July 10th. The company reported $0.17 earnings per share (EPS) 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. Equities analysts predict that Ryohin Keikaku Co. Ltd. will post 0.39 EPS 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.