Rakuten (OTCMKTS:RKUNY) Sets New 12-Month Low – Should You Sell?

Rakuten, Inc. (OTCMKTS:RKUNY)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $4.38 and last traded at $4.41, with a volume of 187463 shares changing hands. The stock had previously closed at $4.67.

Analyst Ratings Changes

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

Rakuten Trading Down 5.6%

The firm’s 50 day simple moving average is $4.88 and its 200-day simple moving average is $5.40. The company has a market capitalization of $9.59 billion, a PE ratio of -11.92 and a beta of 1.12. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.43.

Rakuten (OTCMKTS:RKUNY) last issued its earnings results on Thursday, May 14th. The company reported ($0.05) EPS 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 10.02%.

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.