Rakuten (OTCMKTS:RKUNY) Shares Up 7.7% – Still a Buy?

Rakuten, Inc. (OTCMKTS:RKUNY)’s share price traded up 7.7% during trading on Monday . The company traded as high as $4.7190 and last traded at $4.7190. 2,646 shares were traded during trading, a decline of 96% from the average session volume of 66,842 shares. The stock had previously closed at $4.38.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Rakuten from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Rakuten currently has an average rating of “Buy”.

Rakuten Trading Up 4.7%

The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.43. The firm has a market cap of $10.14 billion, a P/E ratio of -12.57 and a beta of 1.12. The firm’s 50-day simple moving average is $4.80 and its 200 day simple moving average is $5.33.

Rakuten (OTCMKTS:RKUNY) last released its earnings results on Thursday, May 14th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. Rakuten had a negative net margin of 4.83% and a negative return on equity of 10.02%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.92 billion.

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.