Rakuten (OTCMKTS:RKUNY) Reaches New 12-Month Low – Here’s What Happened

Rakuten, Inc. (OTCMKTS:RKUNY)’s stock price hit a new 52-week low during trading on Wednesday. The company traded as low as $4.23 and last traded at $4.23, with a volume of 614 shares traded. The stock had previously closed at $4.30.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Rakuten to a “hold” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Rakuten Stock Up 0.7%

The business’s fifty day simple moving average is $4.85 and its 200 day simple moving average is $4.83. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of -22.74 and a beta of 1.10. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.64.

Rakuten (OTCMKTS:RKUNY) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.09. Rakuten had a negative return on equity of 5.09% and a negative net margin of 2.48%.The company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.11 billion. Equities analysts forecast that Rakuten, Inc. will post -0.12 earnings per share for the current fiscal year.

About Rakuten

Rakuten Group, Inc is a Japan-based technology and internet services company founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer.