Rakuten (OTCMKTS:RKUNY) Posts Quarterly Earnings Results

Rakuten (OTCMKTS:RKUNY) issued its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. Rakuten had a negative return on equity of 13.96% and a negative net margin of 6.67%.

Rakuten Stock Performance

Shares of RKUNY traded down $0.30 during mid-day trading on Thursday, reaching $6.22. 15,072 shares of the company’s stock were exchanged, compared to its average volume of 7,898. The business’s fifty day simple moving average is $6.20 and its 200-day simple moving average is $6.16. Rakuten has a 52-week low of $4.80 and a 52-week high of $7.11. The stock has a market capitalization of $13.50 billion, a PE ratio of -12.44 and a beta of 1.20. The company has a debt-to-equity ratio of 4.70, a current ratio of 1.16 and a quick ratio of 1.16.

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.