Rakuten (OTCMKTS:RKUNY) Trading Down 15.1% – What’s Next?

Shares of Rakuten, Inc. (OTCMKTS:RKUNY) traded down 15.1% on Monday . The company traded as low as $5.98 and last traded at $5.98. 217 shares changed hands during trading, a decline of 99% from the average session volume of 21,115 shares. The stock had previously closed at $7.04.

Analyst Ratings Changes

Separately, Nomura Securities raised shares of Rakuten from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Rakuten Price Performance

The company has a debt-to-equity ratio of 4.67, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50-day simple moving average of $6.45 and a 200-day simple moving average of $5.89. The company has a market cap of $13.29 billion, a price-to-earnings ratio of -12.26 and a beta of 1.20.

Rakuten (OTCMKTS:RKUNY) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). Rakuten had a negative net margin of 6.67% and a negative return on equity of 13.98%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.21 billion. As a group, research analysts predict that Rakuten, Inc. will post 0.06 earnings per share for the current year.

Rakuten Company Profile

Rakuten Group, Inc provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile. The Internet Services segment provides range of e-commerce sites, such as Rakuten Ichiba, an Internet shopping mall, online cash-back sites, travel booking sites, portal sites, and digital content sites.