Ryohin Keikaku (OTCMKTS:RYKKY) Shares Down 6.3% – Here’s What Happened

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY – Get Free Report)’s share price dropped 6.3% during mid-day trading on Monday . The company traded as low as $12.61 and last traded at $12.61. 6,267 shares were traded during mid-day trading, an increase of 50% from the average session volume of 4,186 shares. The stock had previously closed at $13.46.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein assumed coverage on shares of Ryohin Keikaku in a research note on Tuesday, May 26th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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Ryohin Keikaku Stock Performance

The firm has a market cap of $15.76 billion and a price-to-earnings ratio of 37.93. The stock’s fifty day moving average is $13.07 and its two-hundred day moving average is $11.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.77 and a current ratio of 3.00.

Ryohin Keikaku (OTCMKTS:RYKKY – Get Free Report) last posted its earnings results on Friday, July 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.54 billion. On average, analysts expect that Ryohin Keikaku Co. Ltd. will post 0.41 earnings per share for the current fiscal year.

Ryohin Keikaku Company Profile

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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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