Ryohin Keikaku (OTCMKTS:RYKKY) Sees Strong Trading Volume – Here’s Why

Shares of Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) saw unusually-high trading volume on Thursday . Approximately 18,380 shares changed hands during trading, an increase of 348% from the previous session’s volume of 4,103 shares.The stock last traded at $13.1040 and had previously closed at $13.4880.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein began coverage on Ryohin Keikaku in a research report on Tuesday, May 26th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Ryohin Keikaku Stock Down 1.2%

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 firm has a market capitalization of $14.72 billion and a P/E ratio of 35.42. The firm’s fifty day moving average price is $12.98 and its 200-day moving average price is $11.94.

Ryohin Keikaku (OTCMKTS:RYKKY) last announced its earnings results on Friday, July 10th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.54 billion. As a group, equities research analysts forecast that Ryohin Keikaku Co. Ltd. will post 0.41 earnings per share for the current year.

Ryohin Keikaku Company Profile

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.