ValuEngine upgraded shares of Rakuten (OTCMKTS:RKUNY) from a hold rating to a buy rating in a research note published on Friday morning.

Shares of Rakuten (OTCMKTS RKUNY) traded down $0.17 on Friday, reaching $8.74. 33,316 shares of the company’s stock were exchanged, compared to its average volume of 49,304. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.18 and a current ratio of 1.18. Rakuten has a twelve month low of $8.48 and a twelve month high of $12.87. The stock has a market cap of $12,774.88, a price-to-earnings ratio of 26.99, a P/E/G ratio of 2.28 and a beta of -0.22.

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About Rakuten

Rakuten, Inc operates as an Internet service provider in Japan, the Americas, Europe, and internationally. The company operates in two segments, Internet Services and FinTech. The Internet Services segment operates various e-commerce sites, including Rakuten Books, an online book store; Rakuten Travel, an Internet travel site; Rakuten GORA, which provides online golf course reservation services; Rakuten Mobile that offers mobile virtual network operator services; and Ebates, an online cash back site, as well as engages in the business for sales of advertising on these sites.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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