Rakuten (OTCMKTS:RKUNY) Stock Rating Lowered by Zacks Research

Rakuten (OTCMKTS:RKUNY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Rakuten Stock Performance

RKUNY opened at $4.92 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.70. The firm has a market cap of $10.68 billion, a PE ratio of -9.11 and a beta of 1.21. The business has a fifty day simple moving average of $5.97 and a 200-day simple moving average of $6.16. Rakuten has a fifty-two week low of $4.79 and a fifty-two week high of $7.04.

Rakuten (OTCMKTS:RKUNY) last announced 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). Rakuten had a negative net margin of 7.13% and a negative return on equity of 15.36%. The company had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.15 billion. As a group, equities analysts predict that Rakuten will post 0.06 EPS for the current fiscal year.

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.