Rakuten (OTCMKTS:RKUNY) Shares Up 8% – Time to Buy?

Rakuten, Inc. (OTCMKTS:RKUNY)’s share price traded up 8% during trading on Monday. The stock traded as high as $4.20 and last traded at $4.20. 4,412 shares changed hands during trading, a decline of 94% from the average session volume of 79,818 shares. The stock had previously closed at $3.89.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Rakuten to a “hold” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Rakuten has a consensus rating of “Hold”.

Rakuten Stock Performance

The company has a market cap of $8.78 billion, a price-to-earnings ratio of -21.16 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a 50-day moving average price of $4.51 and a 200 day moving average price of $4.77.

Rakuten (OTCMKTS:RKUNY) last released its quarterly earnings data on Friday, August 14th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.11 billion. As a group, analysts anticipate that Rakuten, Inc. will post -0.12 EPS 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.