Rakuten (OTCMKTS:RKUNY) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Rakuten (OTCMKTS:RKUNY) from a hold rating to a strong sell rating in a report released on Wednesday,Zacks.com reports.

Rakuten Stock Up 0.9%

OTCMKTS RKUNY opened at $4.97 on Wednesday. The business has a fifty day moving average price of $5.94 and a 200 day moving average price of $6.16. The company has a debt-to-equity ratio of 4.70, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $10.78 billion, a P/E ratio of -9.19 and a beta of 1.21. Rakuten has a one year low of $4.79 and a one year high of $7.04.

Rakuten (OTCMKTS:RKUNY) last released its earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Rakuten had a negative return on equity of 15.36% and a negative net margin of 7.13%. Research analysts anticipate that Rakuten will post 0.06 EPS for the current fiscal year.

Rakuten Company Profile

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.