Rakuten (OTCMKTS:RKUNY) Sets New 1-Year Low – Time to Sell?

Rakuten, Inc. (OTCMKTS:RKUNY) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $3.85 and last traded at $3.87, with a volume of 38,071 shares trading hands. The stock had previously closed at $3.90.

Wall Street Analysts Forecast Growth

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

Rakuten Price Performance

The company’s 50 day moving average is $4.39 and its 200 day moving average is $4.94. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of -20.53 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.

Rakuten (OTCMKTS:RKUNY) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.11 billion. Research 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.