Fast Retailing (OTCMKTS:FRCOY) Upgraded at Nomura

Nomura upgraded shares of Fast Retailing (OTCMKTS:FRCOY) to a hold rating in a research note released on Tuesday,Zacks.com reports.

Separately, Zacks Research raised Fast Retailing from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Fast Retailing Stock Performance

Shares of FRCOY opened at $40.46 on Tuesday. Fast Retailing has a fifty-two week low of $28.46 and a fifty-two week high of $45.83. The firm’s 50-day simple moving average is $40.54 and its two-hundred day simple moving average is $36.48.

About Fast Retailing

Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.

The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.