Ryohin Keikaku (OTCMKTS:RYKKY) Shares Gap Down – What’s Next?

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) gapped down before the market opened on Thursday . The stock had previously closed at $11.70, but opened at $11.10. Ryohin Keikaku shares last traded at $11.10, with a volume of 205 shares.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein initiated coverage on Ryohin Keikaku in a research note on Tuesday, May 26th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Ryohin Keikaku Stock Performance

The business’s fifty day moving average is $11.48 and its 200-day moving average is $10.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.56 and a current ratio of 2.87. The firm has a market cap of $12.47 billion and a P/E ratio of 55.50.

Ryohin Keikaku (OTCMKTS:RYKKY) last announced its quarterly earnings results on Friday, April 10th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. Analysts predict that Ryohin Keikaku Co. Ltd. will post 0.38 EPS for the current 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.