Rakuten (OTCMKTS:RKUNY) Posts Quarterly Earnings Results

Rakuten (OTCMKTS:RKUNY) posted its quarterly earnings results on Thursday. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.07, Zacks reports. Rakuten had a negative net margin of 7.13% and a negative return on equity of 14.73%.

Rakuten Trading Up 2.5%

Shares of Rakuten stock traded up $0.12 on Thursday, hitting $4.99. The stock had a trading volume of 161,519 shares, compared to its average volume of 81,339. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.11. Rakuten has a one year low of $4.50 and a one year high of $7.04. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of -9.24 and a beta of 1.15. The stock’s 50-day simple moving average is $4.90 and its two-hundred day simple moving average is $5.68.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Rakuten from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Rakuten Company Profile

Rakuten, Inc is a diversified internet services company based in Tokyo, Japan, and founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer. Originally established as an online marketplace, Rakuten has expanded its reach to become a global technology group offering a wide range of digital services and consumer-facing platforms. The company is listed in Japan but its American depositary receipts trade over the counter under the symbol RKUNY.

At the core of Rakuten’s business is its e-commerce marketplace, Rakuten Ichiba, which hosts millions of merchants and serves tens of millions of customers across Japan and other key markets.