Rakuten, Inc. (OTCMKTS:RKUNY – Get Free Report) gapped down before the market opened on Tuesday. The stock had previously closed at $4.02, but opened at $3.86. Rakuten shares last traded at $3.86, with a volume of 1,366 shares trading hands.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Rakuten to a “hold” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.
View Our Latest Stock Analysis on RKUNY
Rakuten Stock Down 3.3%
The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.64. The company has a market capitalization of $8.43 billion, a P/E ratio of -20.32 and a beta of 1.12. The company has a 50-day moving average of $4.46 and a two-hundred day moving average of $4.99.
Rakuten (OTCMKTS:RKUNY – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.09. The business had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.11 billion. Rakuten had a negative return on equity of 5.09% and a negative net margin of 2.48%. On average, research analysts predict that Rakuten, Inc. will post -0.12 EPS for the current 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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