Rakuten (OTCMKTS:RKUNY) Shares Gap Up – Time to Buy?

Rakuten, Inc. (OTCMKTS:RKUNY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $4.54, but opened at $4.74. Rakuten shares last traded at $4.74, with a volume of 7,665 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Rakuten from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Rakuten Stock Performance

The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.16 and a current ratio of 1.16. The firm’s 50 day moving average is $4.91 and its 200-day moving average is $5.47. The firm has a market cap of $10.16 billion, a price-to-earnings ratio of -12.62 and a beta of 1.12.

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

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.