Rakuten (OTCMKTS:RKUNY) Shares Gap Up – What’s Next?

Rakuten, Inc. (OTCMKTS:RKUNY) gapped up before the market opened on Thursday. The stock had previously closed at $4.02, but opened at $4.22. Rakuten shares last traded at $4.22, with a volume of 318 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Rakuten to a “hold” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Rakuten Trading Up 0.2%

The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.10 and a current ratio of 1.10. The company has a 50 day moving average of $4.50 and a two-hundred day moving average of $4.76. The stock has a market cap of $8.84 billion, a PE ratio of -21.32 and a beta of 1.12.

Rakuten (OTCMKTS:RKUNY) last released its quarterly earnings results on Friday, August 14th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.09. The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Rakuten had a negative return on equity of 5.09% and a negative net margin of 2.48%. Sell-side analysts anticipate that Rakuten, Inc. will post -0.12 earnings per share for the current fiscal year.

About Rakuten

Rakuten Group, Inc is a Japan-based technology and internet services company founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer.