Shares of Rakuten, Inc. (OTCMKTS:RKUNY – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $4.29, but opened at $4.48. Rakuten shares last traded at $4.48, with a volume of 58,272 shares trading hands.
Analyst Ratings Changes
Separately, Zacks Research upgraded Rakuten to a “hold” rating in a report on Friday, September 25th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Rakuten has a consensus rating of “Hold”.
Check Out Our Latest Report on Rakuten
Rakuten Trading Down 2.2%
Rakuten (OTCMKTS:RKUNY – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.09. Rakuten had a negative return on equity of 5.09% and a negative net margin of 2.48%.The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.11 billion. On average, equities research analysts anticipate that Rakuten, Inc. will post -0.12 earnings per share 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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