Nitori (OTC:NCLTY) Shares Down 2.8% - Here's What Happened

Key Points

• Nitori Holdings Co., Ltd. shares fell 2.8% to trade at $9.05 after reaching a low of $8.75 during the day, with trading volume decreasing by 56% compared to average levels.
• The company's market capitalization stands at $10.23 billion and has a P/E ratio of 17.40, indicating its financial performance relative to market expectations.
• Nitori, founded in 1967 and based in Tokyo, specializes in the retail of furniture and interior products in Japan, along with involvement in advertising and logistics sectors.

Nitori Holdings Co., Ltd. (OTC:NCLTY - ) was down 2.8% during mid-day trading on Tuesday . The stock traded as low as $8.75 and last traded at $9.05. Approximately 77,719 shares traded hands during trading, a decline of 56% from the average daily volume of 176,186 shares. The stock had previously closed at $9.31.

Nitori Stock Performance

The firm has a market capitalization of $10.23 billion, a P/E ratio of 17.40 and a beta of 0.71. The company's 50 day moving average is $9.06 and its 200-day moving average is $10.11. The company has a quick ratio of 0.89, a current ratio of 1.35 and a debt-to-equity ratio of 0.03.

About Nitori

Nitori Holdings Co, Ltd. engages in the retail of furniture and interior products in Japan. It is involved in the advertising; logistics; and other activities. The company engages in insurance and clothing related businesses. Nitori Holdings Co, Ltd. was founded in 1967 and is headquartered in Tokyo, Japan.

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