Zacks Investment Research upgraded shares of Rakuten Inc (NASDAQ:RKUNY) from a sell rating to a hold rating in a research report released on Saturday.

According to Zacks, “Rakuten, Inc. engages in the internet services business. Its operating segments consist of Internet Services, FinTech and Others. Internet Services segment manages e-commerce, online cash-back, travel booking, and portal and digital content sites. FinTech segment provides services over the internet related to banking and securities, credit cards, life insurance and electronic money. Others segment includes the provision of messaging and communication services and management of a Japanese professional baseball team. Rakuten, Inc. is headquartered in Tokyo, Japan. “

Shares of Rakuten Inc (NASDAQ RKUNY) traded up 0.09% during trading on Friday, hitting $10.95. The company had a trading volume of 1,629 shares. Rakuten Inc has a 12-month low of $9.19 and a 12-month high of $13.65. The stock has a market capitalization of $15.11 billion and a price-to-earnings ratio of 32.78. The stock has a 50-day moving average of $11.95 and a 200 day moving average of $11.39.

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