Nitori (OTC:NCLTY) Upgraded to “Buy” at Zacks Investment Research

Nitori (OTC:NCLTYGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, Zacks.com reports. The firm currently has a $10.00 price target on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 3.73% from the stock’s current price.

According to Zacks, “Nitori Holdings Co. Ltd. is engaged in the sale of furniture and interior goods. The Company is involved in the sale of furniture and interior goods, the renovation and sale of used houses, as well as the leasing of real estate through consolidated subsidiaries and affiliates. It is also engaged in the logistics business, the advertising business and the insurance agency business. Nitori Holdings Co. Ltd. is based in Tokyo, Japan. “

Shares of OTC NCLTY opened at $9.64 on Wednesday. The firm has a 50 day simple moving average of $12.25. Nitori has a 1 year low of $9.23 and a 1 year high of $21.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.54.

Nitori Company Profile (Get Rating)

Nitori Holdings Co, Ltd., through its subsidiaries, retails furniture and interior products in Japan, China, Taiwan, and the United States. The company also provides non-life and life insurance products; logistics services; and advertising and public relations support services. Nitori Holdings Co, Ltd.

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