Rakuten (OTCMKTS:RKUNY) Shares Down 15.1% – Time to Sell?

Rakuten, Inc. (OTCMKTS:RKUNY)’s share price was down 15.1% during trading on Monday . The company traded as low as $5.98 and last traded at $5.98. Approximately 217 shares changed hands during trading, a decline of 99% from the average daily volume of 21,115 shares. The stock had previously closed at $7.04.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities raised Rakuten from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

Rakuten Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.67. The stock has a market cap of $12.68 billion, a P/E ratio of -11.70 and a beta of 1.20. The firm has a 50 day moving average price of $6.44 and a 200 day moving average price of $5.90.

Rakuten (OTCMKTS:RKUNY) last released its earnings results on Thursday, November 13th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.21 billion. Rakuten had a negative return on equity of 13.98% and a negative net margin of 6.67%. On average, analysts forecast that Rakuten, Inc. will post 0.06 EPS for the current fiscal year.

About Rakuten

Rakuten Group, Inc provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile. The Internet Services segment provides range of e-commerce sites, such as Rakuten Ichiba, an Internet shopping mall, online cash-back sites, travel booking sites, portal sites, and digital content sites.