Zacks Research Downgrades Rakuten (OTCMKTS:RKUNY) to Strong Sell

Rakuten (OTCMKTS:RKUNY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Rakuten Stock Down 4.5%

Rakuten stock opened at $4.92 on Wednesday. The company has a 50 day moving average of $5.97 and a 200-day moving average of $6.16. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.70. Rakuten has a twelve month low of $4.79 and a twelve month high of $7.04. The stock has a market capitalization of $10.68 billion, a PE ratio of -9.11 and a beta of 1.21.

Rakuten (OTCMKTS:RKUNY) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Rakuten had a negative net margin of 7.13% and a negative return on equity of 15.36%. The company had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.15 billion. On average, equities research analysts anticipate that Rakuten will post 0.06 EPS for the current fiscal year.

About Rakuten

Rakuten, Inc is a diversified internet services company based in Tokyo, Japan, and founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer. Originally established as an online marketplace, Rakuten has expanded its reach to become a global technology group offering a wide range of digital services and consumer-facing platforms. The company is listed in Japan but its American depositary receipts trade over the counter under the symbol RKUNY.

At the core of Rakuten’s business is its e-commerce marketplace, Rakuten Ichiba, which hosts millions of merchants and serves tens of millions of customers across Japan and other key markets.