Ryohin Keikaku (OTCMKTS:RYKKY) Stock Price Up 7.5% – Here’s What Happened

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) shares shot up 7.5% during trading on Monday . The stock traded as high as $11.50 and last traded at $11.50. Approximately 430 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 4,801 shares. The stock had previously closed at $10.6980.

Analyst Upgrades and Downgrades

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

Ryohin Keikaku Stock Performance

The stock’s 50-day moving average price is $11.36 and its 200-day moving average price is $10.83. The company has a current ratio of 2.87, a quick ratio of 1.56 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $12.81 billion and a P/E ratio of 57.05.

Ryohin Keikaku (OTCMKTS:RYKKY) last released its quarterly earnings results on Friday, April 10th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, equities analysts expect 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.