Rakuten (OTCMKTS:RKUNY) Shares Gap Up – Time to Buy?

Rakuten, Inc. (OTCMKTS:RKUNY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $4.54, but opened at $4.74. Rakuten shares last traded at $4.74, with a volume of 7,665 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Rakuten from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Rakuten Trading Down 1.5%

The company’s fifty day simple moving average is $4.91 and its two-hundred day simple moving average is $5.47. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.11. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of -12.62 and a beta of 1.12.

Rakuten (OTCMKTS:RKUNY) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.07. Rakuten had a negative net margin of 4.83% and a negative return on equity of 9.99%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.92 billion.

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.