Ryohin Keikaku (OTCMKTS:RYKKY) Reaches New 52-Week High – Here’s Why

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) shares hit a new 52-week high on Wednesday . The company traded as high as $14.69 and last traded at $14.38, with a volume of 563 shares changing hands. The stock had previously closed at $13.75.

Analyst Ratings Changes

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

Ryohin Keikaku Price Performance

The company has a market cap of $16.15 billion and a price-to-earnings ratio of 38.86. The company’s 50 day moving average price is $11.83 and its 200 day moving average price is $11.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.77 and a current ratio of 3.00.

Ryohin Keikaku (OTCMKTS:RYKKY) last released its quarterly earnings results on Friday, July 10th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.54 billion. On average, equities research analysts predict that Ryohin Keikaku Co. Ltd. will post 0.39 earnings per share for the current fiscal 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.