Rakuten (OTCMKTS:RKUNY) Lowered to “Strong Sell” Rating by Zacks Research

Rakuten (OTCMKTS:RKUNY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Rakuten Stock Down 4.5%

Rakuten stock opened at $4.92 on Wednesday. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of -9.11 and a beta of 1.21. The company’s 50 day simple moving average is $5.97 and its 200 day simple moving average is $6.16. The company has a debt-to-equity ratio of 4.70, a current ratio of 1.16 and a quick ratio of 1.16. Rakuten has a fifty-two week low of $4.79 and a fifty-two week high of $7.04.

Rakuten (OTCMKTS:RKUNY) last issued its earnings results on Thursday, February 12th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.15 billion. Rakuten had a negative net margin of 7.13% and a negative return on equity of 15.36%. As a group, sell-side analysts anticipate that Rakuten 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.