Rakuten (OTCMKTS:RKUNY) Reaches New 12-Month Low – Here’s Why

Shares of Rakuten, Inc. (OTCMKTS:RKUNY) hit a new 52-week low during trading on Tuesday. The stock traded as low as $3.7875 and last traded at $3.7950, with a volume of 46,762 shares traded. The stock had previously closed at $3.83.

Analyst Ratings Changes

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

Rakuten Price Performance

The company has a fifty day moving average of $4.35 and a 200-day moving average of $4.91. The firm has a market cap of $8.26 billion, a P/E ratio of -19.89 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.10 and a quick ratio of 1.10.

Rakuten (OTCMKTS:RKUNY) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.09. The firm had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.11 billion. Rakuten had a negative net margin of 2.48% and a negative return on equity of 5.09%. On average, sell-side analysts anticipate that Rakuten, Inc. will post -0.12 EPS 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.