Wacoal (OTCMKTS:WACLY) Shares Gap Down – Here’s Why

Wacoal Holdings Corp. (OTCMKTS:WACLY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $119.43, but opened at $106.60. Wacoal shares last traded at $106.60, with a volume of 8 shares changing hands.

Wacoal Stock Up 0.9%

The stock’s 50-day moving average price is $126.08 and its 200-day moving average price is $134.45. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 129.61 and a beta of 0.08. The company has a current ratio of 2.85, a quick ratio of 1.51 and a debt-to-equity ratio of 0.03.

Wacoal (OTCMKTS:WACLY) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.99 earnings per share for the quarter. Wacoal had a return on equity of 0.42% and a net margin of 0.50%. The firm had revenue of $306.88 million during the quarter.

About Wacoal

Wacoal Holdings Corp. is a Japan-based company specializing in the design, manufacture, and sale of women’s intimate apparel and related products. Its offerings include bras, panties, lingerie, shapewear, sleepwear, swimwear, and other apparel designed with a focus on fit, comfort, and body support.

The company markets products under the Wacoal brand and other brand names, including lines aimed at different customer needs, age groups, and price points. It also offers sportswear and functional apparel through selected product lines, as well as retail, wholesale, and e-commerce services.

Wacoal traces its origins to 1949, when it was established in Kyoto, Japan.