Rakuten (OTCMKTS:RKUNY) Reaches New 12-Month Low – Here’s What Happened

Rakuten, Inc. (OTCMKTS:RKUNY)’s stock price hit a new 52-week low on Friday . The stock traded as low as $4.78 and last traded at $4.78, with a volume of 443 shares. The stock had previously closed at $4.94.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Rakuten from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Rakuten Stock Down 2.7%

The company has a market capitalization of $10.27 billion, a PE ratio of -8.76 and a beta of 1.21. The company has a debt-to-equity ratio of 4.11, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50-day moving average of $5.79 and a two-hundred day moving average of $6.12.

Rakuten (OTCMKTS:RKUNY) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.15 billion. Rakuten had a negative net margin of 7.13% and a negative return on equity of 14.73%. Sell-side analysts anticipate that Rakuten, Inc. will post 0.06 earnings per share for the current fiscal year.

About Rakuten

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.