RAKUTEN INC/ADR (OTCMKTS:RKUNY) shares shot up 0.5% during mid-day trading on Wednesday . The company traded as high as $8.00 and last traded at $7.96, 34,878 shares changed hands during trading. A decline of 25% from the average session volume of 46,423 shares. The stock had previously closed at $7.92.
Separately, ValuEngine upgraded shares of RAKUTEN INC/ADR from a “sell” rating to a “hold” rating in a report on Friday, January 10th.
The company’s 50 day moving average price is $8.26 and its two-hundred day moving average price is $9.07. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.98. The stock has a market cap of $10.62 billion, a P/E ratio of 5.08 and a beta of 1.63.
About RAKUTEN INC/ADR (OTCMKTS:RKUNY)
Rakuten, Inc operates as an Internet service provider in Japan, the Americas, Europe, and internationally. The company operates in two segments, Internet Services and FinTech. The Internet Services segment operates various e-commerce sites, including Rakuten Books, an online book store; Rakuten Travel, an Internet travel site; Rakuten GORA, which provides online golf course reservation services; Rakuten Mobile that offers mobile virtual network operator services; and Ebates, an online cash back site, as well as engages in the business for sales of advertising on these sites.
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