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.


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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