Ryohin Keikaku (OTCMKTS:RYKKY) Trading Down 7% – What’s Next?

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY)’s share price dropped 7% on Wednesday . The stock traded as low as $13.99 and last traded at $13.99. Approximately 1,962 shares changed hands during trading, a decline of 53% from the average daily volume of 4,203 shares. The stock had previously closed at $15.04.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein began coverage on shares of Ryohin Keikaku in a research note on Tuesday, May 26th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Ryohin Keikaku Stock Performance

The company has a fifty day simple moving average of $12.82 and a two-hundred day simple moving average of $11.85. The company has a quick ratio of 1.77, a current ratio of 3.00 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $15.46 billion and a P/E ratio of 37.20.

Ryohin Keikaku (OTCMKTS:RYKKY) last announced its quarterly earnings results on Friday, July 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.54 billion. On average, sell-side analysts expect 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.