Rakuten (OTCMKTS:RKUNY) Shares Down 11.5% – Should You Sell?

Rakuten, Inc. (OTCMKTS:RKUNY) shares fell 11.5% during mid-day trading on Tuesday . The stock traded as low as $5.5765 and last traded at $5.5765. 365 shares were traded during trading, a decline of 96% from the average session volume of 8,257 shares. The stock had previously closed at $6.30.

Rakuten Stock Performance

The firm has a market capitalization of $11.85 billion, a PE ratio of -10.11 and a beta of 1.20. The company has a debt-to-equity ratio of 4.70, a quick ratio of 1.16 and a current ratio of 1.16. The business’s fifty day simple moving average is $6.16 and its 200-day simple moving average is $6.18.

Rakuten (OTCMKTS:RKUNY) last issued its earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.15 billion. Rakuten had a negative return on equity of 15.36% and a negative net margin of 7.13%. As a group, equities research analysts expect 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.