Ryohin Keikaku (OTCMKTS:RYKKY) Sees Unusually-High Trading Volume – Still a Buy?

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) shares saw strong trading volume on Thursday . 5,467 shares traded hands during mid-day trading, an increase of 30% from the previous session’s volume of 4,215 shares.The stock last traded at $12.59 and had previously closed at $13.45.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein initiated coverage on Ryohin Keikaku in a report 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 MarketBeat, Ryohin Keikaku presently has an average rating of “Hold”.

Ryohin Keikaku Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 3.00 and a quick ratio of 1.77. The stock has a market cap of $15.29 billion, a P/E ratio of 36.78, a P/E/G ratio of 1.60 and a beta of 0.48. The company’s 50 day simple moving average is $13.35 and its 200 day simple moving average is $12.06.

Ryohin Keikaku (OTCMKTS:RYKKY) last posted its 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 firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.54 billion. As a group, equities analysts forecast that Ryohin Keikaku Co. Ltd. will post 0.41 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.