Fast Retailing (OTCMKTS:FRCOY) Rating Increased to Strong-Buy at Zacks Research

Fast Retailing (OTCMKTS:FRCOY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Nomura upgraded Fast Retailing to a “hold” rating in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.

Fast Retailing Stock Performance

OTCMKTS FRCOY opened at $47.18 on Wednesday. Fast Retailing has a one year low of $29.25 and a one year high of $48.55. The stock’s 50 day simple moving average is $42.59 and its 200 day simple moving average is $39.42.

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.