Rakuten (OTCMKTS:RKUNY) Trading 5.2% Higher – Still a Buy?

Rakuten, Inc. (OTCMKTS:RKUNY)’s share price shot up 5.2% on Thursday . The stock traded as high as $7.04 and last traded at $7.04. 2,465 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 20,907 shares. The stock had previously closed at $6.6950.

Wall Street Analysts Forecast Growth

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 presently has an average rating of “Strong Buy”.

Rakuten Price Performance

The company has a market capitalization of $15.26 billion, a price-to-earnings 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’s 50 day simple moving average is $6.44 and its 200-day simple moving average is $5.88.

Rakuten (OTCMKTS:RKUNY) last announced its earnings results on Thursday, November 13th. The company reported ($0.08) earnings per share (EPS) for the quarter. Rakuten had a negative return on equity of 18.83% and a negative net margin of 8.85%. On average, equities research analysts predict that Rakuten, Inc. will post 0.06 earnings per share for the current fiscal year.

Rakuten Company Profile

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.