Rakuten (OTCMKTS:RKUNY) Hits New 1-Year Low – Time to Sell?

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

Wall Street Analyst Weigh In

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

Rakuten Stock Performance

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

Rakuten (OTCMKTS:RKUNY) last posted its earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $4.61 billion during 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, analysts predict that Rakuten, Inc. will post 0.06 EPS for the current year.

Rakuten Company Profile

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.