Fast Retailing (OTCMKTS:FRCOY) Shares Up 0% – Should You Buy?

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY)’s share price rose 0% during trading on Wednesday . The stock traded as high as $50.56 and last traded at $50.56. 167,884 shares were traded during trading, a decline of 52% from the average daily volume of 351,806 shares. The stock had previously closed at $50.5550.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FRCOY. Nomura raised Fast Retailing to a “hold” rating in a report on Tuesday, March 3rd. Sanford C. Bernstein started coverage on shares of Fast Retailing in a research report on Tuesday, May 26th. They set an “outperform” rating on the stock. Finally, Zacks Research raised shares of Fast Retailing from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Fast Retailing Stock Performance

The stock has a 50 day moving average price of $48.17 and a 200-day moving average price of $42.83.

Fast Retailing Company Profile

Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.

The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.