Rakuten (OTCMKTS:RKUNY) Hits New 1-Year Low – Here’s Why

Rakuten, Inc. (OTCMKTS:RKUNY)’s share price reached a new 52-week low during trading on Tuesday. The stock traded as low as $4.11 and last traded at $4.1650, with a volume of 221845 shares traded. The stock had previously closed at $4.23.

Analyst Upgrades and Downgrades

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

Rakuten Stock Down 4.5%

The stock has a market capitalization of $8.76 billion, a P/E ratio of -21.11 and a beta of 1.12. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.64. The firm’s fifty day moving average is $4.76 and its 200-day moving average is $4.81.

Rakuten (OTCMKTS:RKUNY) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.11 billion. As a group, equities research analysts predict that Rakuten, Inc. will post -0.12 earnings per share for the current 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.