Rakuten (OTCMKTS:RKUNY) Shares Gap Down – Time to Sell?

Rakuten, Inc. (OTCMKTS:RKUNY) gapped down before the market opened on Tuesday. The stock had previously closed at $4.02, but opened at $3.86. Rakuten shares last traded at $3.86, with a volume of 1,366 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Rakuten to a “hold” rating in a report on Friday, September 25th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Rakuten Price Performance

The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of -20.53 and a beta of 1.12. The stock’s 50 day simple moving average is $4.41 and its 200-day simple moving average is $4.95. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.10 and a quick ratio of 1.10.

Rakuten (OTCMKTS:RKUNY) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.09. Rakuten had a negative net margin of 2.48% and a negative return on equity of 5.09%. The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion. On average, analysts expect that Rakuten, Inc. will post -0.12 EPS for the current fiscal year.

About Rakuten

Rakuten Group, Inc is a Japan-based technology and internet services company founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer.