Rakuten Inc (NASDAQ:RKUNY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, May 3rd.

According to Zacks, “Rakuten, Inc. engages in the internet services business. Its operating segments consist of Internet Services, FinTech and Others. Internet Services segment manages e-commerce, online cash-back, travel booking, and portal and digital content sites. FinTech segment provides services over the internet related to banking and securities, credit cards, life insurance and electronic money. Others segment includes the provision of messaging and communication services and management of a Japanese professional baseball team. Rakuten, Inc. is headquartered in Tokyo, Japan. “

Rakuten Inc (NASDAQ:RKUNY) traded down 1.02% during trading on Wednesday, reaching $11.61. 1,000 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $10.62 and its 200-day moving average price is $10.20. The stock has a market capitalization of $16.50 billion and a price-to-earnings ratio of 36.17. Rakuten Inc has a 52 week low of $9.19 and a 52 week high of $13.97.

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