Rakuten (OTCMKTS:RKUNY) Sets New 1-Year Low – Here’s Why

Rakuten, Inc. (OTCMKTS:RKUNY)’s stock price reached a new 52-week low on Tuesday. The company traded as low as $3.7875 and last traded at $3.7950, with a volume of 46,762 shares. The stock had previously closed at $3.83.

Wall Street Analyst Weigh In

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

Rakuten Stock Performance

The company’s fifty day moving average is $4.30 and its 200-day moving average is $4.88. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.10 and a current ratio of 1.10.

Rakuten (OTCMKTS:RKUNY) last posted its earnings results 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. The company had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.11 billion. Rakuten had a negative return on equity of 5.09% and a negative net margin of 2.48%. Sell-side analysts anticipate that Rakuten, Inc. will post -0.12 earnings per share for the current fiscal year.

Rakuten Company Profile

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.