Rakuten (OTCMKTS:RKUNY) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Rakuten (OTCMKTS:RKUNY) from a hold rating to a strong sell rating in a research report report published on Wednesday,Zacks.com reports.

Rakuten Trading Down 4.5%

OTCMKTS:RKUNY opened at $4.92 on Wednesday. Rakuten has a 52-week low of $4.79 and a 52-week high of $7.04. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.70. The stock has a fifty day simple moving average of $5.97 and a 200-day simple moving average of $6.16. The company has a market capitalization of $10.68 billion, a PE ratio of -9.11 and a beta of 1.21.

Rakuten (OTCMKTS:RKUNY) last posted its earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Rakuten had a negative net margin of 7.13% and a negative return on equity of 15.36%. The business had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.15 billion. On average, equities research analysts expect that Rakuten will post 0.06 earnings per share for the current fiscal 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.