Rakuten (OTCMKTS:RKUNY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Rakuten, Inc. (OTCMKTS:RKUNY) saw strong trading volume on Monday . 34,035 shares traded hands during mid-day trading, an increase of 275% from the previous session’s volume of 9,075 shares.The stock last traded at $5.3640 and had previously closed at $5.36.

Rakuten Stock Down 0.2%

The firm’s fifty day moving average is $6.15 and its 200-day moving average is $6.19. The company has a market capitalization of $11.61 billion, a P/E ratio of -9.91 and a beta of 1.21. The company has a debt-to-equity ratio of 4.70, a quick ratio of 1.16 and a current ratio of 1.16.

Rakuten (OTCMKTS:RKUNY) last posted its earnings results on Thursday, February 12th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.15 billion. Rakuten had a negative net margin of 7.13% and a negative return on equity of 15.36%. As a group, equities research analysts predict that Rakuten, Inc. will post 0.06 EPS for the current year.

About Rakuten

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.