Rakuten (OTCMKTS:RKUNY) Shares Gap Up – What’s Next?

Rakuten, Inc. (OTCMKTS:RKUNY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $3.97, but opened at $4.10. Rakuten shares last traded at $3.9350, with a volume of 3,564 shares changing hands.

Analyst Upgrades and Downgrades

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

Rakuten Price Performance

The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $8.55 billion, a P/E ratio of -20.61 and a beta of 1.12. The firm has a 50-day moving average price of $4.67 and a 200 day moving average price of $4.79.

Rakuten (OTCMKTS:RKUNY) last announced its quarterly earnings data 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. The company had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Rakuten had a negative return on equity of 5.09% and a negative net margin of 2.48%. On average, analysts expect that Rakuten, Inc. will post -0.12 EPS for the current 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.