Rakuten (OTCMKTS:RKUNY) Hits New 12-Month Low – Here’s Why

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

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Rakuten from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Rakuten Stock Up 4.4%

The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of -12.81 and a beta of 1.12. The business’s 50-day moving average is $4.91 and its two-hundred day moving average is $5.47. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.16 and a current ratio of 1.16.

Rakuten (OTCMKTS:RKUNY) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.92 billion. Rakuten had a negative net margin of 4.83% and a negative return on equity of 9.99%.

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.