Rakuten (OTCMKTS:RKUNY) Sees Large Volume Increase – Here’s What Happened

Rakuten, Inc. (OTCMKTS:RKUNY – Get Free Report) shares saw an uptick in trading volume on Thursday . Approximately 113,432 shares traded hands during mid-day trading, an increase of 64% from the previous session’s volume of 69,159 shares.The stock last traded at $4.8130 and had previously closed at $4.86.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Rakuten from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy”.

Get Rakuten alerts:

View Our Latest Stock Analysis on RKUNY

Rakuten Stock Performance

The company has a debt-to-equity ratio of 4.43, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $10.50 billion, a PE ratio of -13.01 and a beta of 1.12. The firm has a fifty day moving average price of $4.77 and a 200 day moving average price of $5.17.

Rakuten (OTCMKTS:RKUNY – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Rakuten had a negative return on equity of 10.02% and a negative net margin of 4.83%.The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.92 billion.

About Rakuten

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than Rakuten
• Alphabet Crushed Earnings, But One Number Spooked the Market
• Otis Took Another Guidance Cut—But the Story Isn’t Over
• Is Buying a Launch Company AST SpaceMobile’s Next Vertical Integration Move?
• AMD’s $5 Billion Anthropic Deal Could Redraw the AI Chip Battle

Receive News & Ratings for Rakuten Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rakuten and related companies with MarketBeat.com's FREE daily email newsletter.