Rakuten (OTCMKTS:RKUNY) Shares Gap Down – Should You Sell?
by Renee Jackson · The Cerbat GemRakuten, Inc. (OTCMKTS:RKUNY – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $6.01, but opened at $5.70. Rakuten shares last traded at $5.9950, with a volume of 2,978 shares changing hands.
Rakuten Trading Down 0.5%
The company has a debt-to-equity ratio of 4.70, a current ratio of 1.16 and a quick ratio of 1.16. The business has a fifty day moving average of $6.18 and a 200-day moving average of $6.12. The stock has a market capitalization of $12.98 billion, a price-to-earnings ratio of -11.96 and a beta of 1.21.
Rakuten (OTCMKTS:RKUNY – Get Free Report) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.15). Rakuten had a negative net margin of 6.67% and a negative return on equity of 13.96%. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.21 billion. On average, equities analysts anticipate that Rakuten, Inc. will post 0.06 earnings per share for the current fiscal year.
About Rakuten
Rakuten, Inc is a diversified internet services company based in Tokyo, Japan, and founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer. Originally established as an online marketplace, Rakuten has expanded its reach to become a global technology group offering a wide range of digital services and consumer-facing platforms. The company is listed in Japan but its American depositary receipts trade over the counter under the symbol RKUNY.
At the core of Rakuten’s business is its e-commerce marketplace, Rakuten Ichiba, which hosts millions of merchants and serves tens of millions of customers across Japan and other key markets.