Rakuten, Inc. (OTCMKTS:RKUNY – Get Free Report)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $3.97, but opened at $4.10. Rakuten shares last traded at $3.9350, with a volume of 3,564 shares trading hands.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Rakuten to a “hold” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Rakuten currently has an average rating of “Hold”.
Get Our Latest Stock Analysis on Rakuten
Rakuten Trading Down 1.4%
Rakuten (OTCMKTS:RKUNY – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.02 EPS for the quarter, topping 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 business had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.11 billion. As a group, sell-side analysts expect that Rakuten, Inc. will post -0.12 EPS for the current fiscal year.
About Rakuten
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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