Rakuten (OTCMKTS:RKUNY) Sets New 1-Year Low – What’s Next?

Shares of Rakuten, Inc. (OTCMKTS:RKUNY) hit a new 52-week low during trading on Wednesday. The company traded as low as $4.23 and last traded at $4.23, with a volume of 614 shares trading hands. The stock had previously closed at $4.30.

Analysts Set New Price Targets

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

Rakuten Stock Up 0.7%

The firm has a market capitalization of $9.43 billion, a P/E ratio of -22.74 and a beta of 1.10. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s 50-day moving average is $4.85 and its 200 day moving average is $4.83.

Rakuten (OTCMKTS:RKUNY) last released its earnings results on Friday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.09. Rakuten had a negative return on equity of 5.09% and a negative net margin of 2.48%.The firm had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion. As a group, equities research analysts predict that Rakuten, Inc. will post -0.12 EPS for the current fiscal 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.