Rakuten (OTCMKTS:RKUNY) Hits New 1-Year Low – Here’s What Happened
by Kim Johansen · The Markets DailyRakuten, Inc. (OTCMKTS:RKUNY – Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $4.50 and last traded at $4.50, with a volume of 116365 shares traded. The stock had previously closed at $4.61.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Rakuten from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.
Read Our Latest Report on RKUNY
Rakuten Trading Down 1.9%
The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of -12.22 and a beta of 1.12. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.16 and a current ratio of 1.16. The business has a fifty day moving average price of $4.91 and a 200 day moving average price of $5.48.
Rakuten (OTCMKTS:RKUNY – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.07. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.92 billion. Rakuten had a negative return on equity of 9.99% and a negative net margin of 4.83%. As a group, equities analysts forecast that Rakuten, Inc. will post -0.07 earnings per share for the current year.
Rakuten Company Profile
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.