Rakuten (OTCMKTS:RKUNY) Sets New 52-Week Low – Here’s Why

Rakuten, Inc. (OTCMKTS:RKUNY)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $4.79 and last traded at $4.80, with a volume of 8485 shares changing hands. The stock had previously closed at $5.08.

Rakuten Stock Down 3.7%

The stock has a market cap of $10.61 billion, a PE ratio of -9.06 and a beta of 1.21. The business has a 50-day moving average price of $6.05 and a 200-day moving average price of $6.18. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.70.

Rakuten (OTCMKTS:RKUNY) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.15 billion. Rakuten had a negative return on equity of 15.36% and a negative net margin of 7.13%. As a group, analysts forecast that Rakuten, Inc. will post 0.06 earnings per share for the current 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.