Rakuten (OTCMKTS:RKUNY) Releases Earnings Results

Rakuten (OTCMKTS:RKUNY) posted its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share for the quarter, Zacks reports. Rakuten had a negative net margin of 8.85% and a negative return on equity of 18.83%.

Rakuten Price Performance

RKUNY traded up $0.35 on Thursday, reaching $7.04. The company had a trading volume of 2,467 shares, compared to its average volume of 20,911. The company has a market capitalization of $15.26 billion, a P/E ratio of -10.83 and a beta of 1.20. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.67. The company has a fifty day moving average of $6.44 and a 200-day moving average of $5.88. Rakuten has a one year low of $4.80 and a one year high of $7.11.

Analyst Upgrades and Downgrades

Separately, Nomura Securities raised Rakuten from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

About Rakuten

Rakuten Group, Inc provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile. The Internet Services segment provides range of e-commerce sites, such as Rakuten Ichiba, an Internet shopping mall, online cash-back sites, travel booking sites, portal sites, and digital content sites.