Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY – Get Free Report) hit a new 52-week high during mid-day trading on Monday after the company announced better than expected quarterly earnings. The stock traded as high as $12.9640 and last traded at $12.9640, with a volume of 1532 shares trading hands. The stock had previously closed at $11.75.
The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.54 billion.
Analyst Upgrades and Downgrades
Separately, Sanford C. Bernstein initiated coverage on shares of Ryohin Keikaku in a report on Tuesday, May 26th. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.
Ryohin Keikaku Stock Up 10.3%
The company has a debt-to-equity ratio of 0.20, a current ratio of 2.87 and a quick ratio of 1.56. The stock has a 50 day simple moving average of $11.26 and a 200-day simple moving average of $10.94. The firm has a market cap of $14.56 billion and a PE ratio of 64.82.
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.
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