Rakuten (OTCMKTS:RKUNY) Stock Price Up 8% – Still a Buy?

Shares of Rakuten, Inc. (OTCMKTS:RKUNY) traded up 8% on Monday. The stock traded as high as $4.20 and last traded at $4.20. Approximately 4,412 shares changed hands during trading, a decline of 94% from the average daily volume of 79,818 shares. The stock had previously closed at $3.89.

Analyst Ratings Changes

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

Rakuten Stock Down 0.4%

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 stock has a market cap of $8.72 billion, a P/E ratio of -21.01 and a beta of 1.12. The stock’s fifty day simple moving average is $4.58 and its 200-day simple moving average is $4.78.

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

Rakuten Company Profile

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.