Rakuten (OTCMKTS:RKUNY) Announces Quarterly Earnings Results

Rakuten (OTCMKTS:RKUNY) issued its earnings results on Friday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.19), Zacks reports. Rakuten had a negative return on equity of 5.09% and a negative net margin of 2.48%.

Rakuten Trading Up 2.7%

Shares of RKUNY traded up $0.10 during trading hours on Friday, hitting $4.03. The company had a trading volume of 62,539 shares, compared to its average volume of 84,712. Rakuten has a 52-week low of $3.78 and a 52-week high of $6.78. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.64. The stock’s 50 day moving average price is $4.22 and its 200 day moving average price is $4.83. The firm has a market cap of $8.80 billion, a P/E ratio of -21.18 and a beta of 1.10.

Wall Street Analyst Weigh In

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

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. The company operates a broad ecosystem of businesses spanning e-commerce, fintech, communications, digital content, travel, and other online services. Rakuten says its global ecosystem includes more than 70 businesses. Its principal businesses include Rakuten Ichiba, an online shopping marketplace; Rakuten Travel, a lodging and travel-booking service; and digital advertising and content offerings.