Rakuten (OTCMKTS:RKUNY) Hits New 12-Month Low – Here’s Why

Rakuten, Inc. (OTCMKTS:RKUNY) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $4.78 and last traded at $4.78, with a volume of 443 shares trading hands. The stock had previously closed at $4.94.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Rakuten from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Rakuten Trading Down 1.4%

The company has a market cap of $10.40 billion, a price-to-earnings ratio of -8.87 and a beta of 1.21. The firm has a 50-day moving average price of $5.82 and a 200 day moving average price of $6.13. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.11.

Rakuten (OTCMKTS:RKUNY) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.15 billion. Rakuten had a negative net margin of 7.13% and a negative return on equity of 14.73%. As a group, sell-side analysts forecast that Rakuten, Inc. will post 0.06 EPS for the current 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.