Rakuten (OTCMKTS:RKUNY) Stock Price Up 4.7% – Time to Buy?

Shares of Rakuten, Inc. (OTCMKTS:RKUNY) were up 4.7% during trading on Tuesday . The stock traded as high as $6.40 and last traded at $6.40. Approximately 4,870 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 20,005 shares. The stock had previously closed at $6.11.

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 investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Rakuten Stock Up 4.0%

The stock’s fifty day simple moving average is $6.24 and its two-hundred day simple moving average is $5.95. The company has a debt-to-equity ratio of 4.70, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $13.77 billion, a price-to-earnings ratio of -12.70 and a beta of 1.17.

Rakuten (OTCMKTS:RKUNY) last posted its earnings results on Thursday, November 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). Rakuten had a negative net margin of 6.67% and a negative return on equity of 13.96%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.21 billion. On average, sell-side analysts predict that Rakuten, Inc. will post 0.06 earnings per share for the current fiscal year.

About Rakuten

Rakuten, Inc is a diversified internet services company based in Tokyo, Japan, and founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer. Originally established as an online marketplace, Rakuten has expanded its reach to become a global technology group offering a wide range of digital services and consumer-facing platforms. The company is listed in Japan but its American depositary receipts trade over the counter under the symbol RKUNY.

At the core of Rakuten’s business is its e-commerce marketplace, Rakuten Ichiba, which hosts millions of merchants and serves tens of millions of customers across Japan and other key markets.