Rakuten (OTCMKTS:RKUNY) Sets New 52-Week Low – Should You Sell?

Rakuten, Inc. (OTCMKTS:RKUNY) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $3.85 and last traded at $3.87, with a volume of 38,071 shares. The stock had previously closed at $3.90.

Wall Street Analyst Weigh In

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

Rakuten Stock Down 0.6%

The business has a 50-day moving average of $4.43 and a 200-day moving average of $4.96. 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 $8.46 billion, a price-to-earnings ratio of -20.39 and a beta of 1.12.

Rakuten (OTCMKTS:RKUNY) last posted its earnings results on Friday, August 14th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.09. Rakuten had a negative net margin of 2.48% and a negative return on equity of 5.09%. The company had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.11 billion. On average, sell-side 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.