Ryohin Keikaku (OTCMKTS:RYKKY) Stock Price Down 7.5% – Here’s Why

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) shares traded down 7.5% on Friday . The stock traded as low as $12.9190 and last traded at $12.9190. Approximately 546 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 4,369 shares. The stock had previously closed at $13.97.

Analyst Ratings Changes

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

Ryohin Keikaku Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.77 and a current ratio of 3.00. The stock’s 50-day simple moving average is $12.27 and its two-hundred day simple moving average is $11.57. The stock has a market cap of $14.80 billion and a price-to-earnings ratio of 35.62.

Ryohin Keikaku (OTCMKTS:RYKKY) last issued its quarterly earnings results on Friday, July 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 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.