Rakuten (OTCMKTS:RKUNY) Hits New 1-Year Low – Here’s What Happened

Rakuten, Inc. (OTCMKTS:RKUNY – Get Free Report)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $4.50 and last traded at $4.50, with a volume of 116365 shares changing hands. The stock had previously closed at $4.61.

Analyst Ratings Changes

Separately, Zacks Research raised Rakuten from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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Rakuten Stock Performance

The stock’s 50-day moving average is $4.91 and its 200-day moving average is $5.48. The stock has a market cap of $9.83 billion, a price-to-earnings ratio of -12.22 and a beta of 1.12. The company has a debt-to-equity ratio of 4.11, a current ratio of 1.16 and a quick ratio of 1.16.

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, beating the consensus estimate of ($0.12) by $0.07. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.92 billion. Rakuten had a negative return on equity of 9.99% and a negative net margin of 4.83%. Analysts anticipate that Rakuten, Inc. will post -0.07 EPS for the current fiscal year.

Rakuten Company Profile

(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.

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