Rakuten (OTCMKTS:RKUNY) Shares Gap Down – Here’s What Happened

Rakuten, Inc. (OTCMKTS:RKUNY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $7.04, but opened at $6.05. Rakuten shares last traded at $6.19, with a volume of 58,098 shares traded.

Analyst Ratings Changes

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

Rakuten Stock Down 12.1%

The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.67. The company has a market capitalization of $13.42 billion, a price-to-earnings ratio of -9.52 and a beta of 1.20. The business has a fifty day simple moving average of $6.45 and a two-hundred day simple moving average of $5.89.

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.