Rakuten (OTCMKTS:RKUNY) Reaches New 12-Month Low – Here’s Why

Rakuten, Inc. (OTCMKTS:RKUNY – Get Free Report)’s stock price reached a new 52-week low during trading on Tuesday. The company traded as low as $3.98 and last traded at $3.98, with a volume of 5,552 shares changing hands. The stock had previously closed at $4.14.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Rakuten to a “hold” rating in a research note on Friday, September 25th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Rakuten presently has an average rating of “Hold”.

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Rakuten Price Performance

The firm has a fifty day moving average price of $4.69 and a two-hundred day moving average price of $4.80. The stock has a market capitalization of $8.72 billion, a P/E ratio of -21.02 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.10 and a current ratio of 1.10.

Rakuten (OTCMKTS:RKUNY – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.09. Rakuten had a negative net margin of 2.48% and a negative return on equity of 5.09%. The firm had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.11 billion. As a group, analysts expect that Rakuten, Inc. will post -0.12 EPS for the current fiscal year.

About Rakuten

(Get Free Report)

Rakuten Group, Inc is a Japan-based technology and internet services company founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer.

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