Rakuten (OTCMKTS:RKUNY) Hits New 52-Week Low – What’s Next?

Rakuten, Inc. (OTCMKTS:RKUNY) reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $3.98 and last traded at $3.98, with a volume of 5,552 shares. The stock had previously closed at $4.14.

Wall Street Analysts Forecast Growth

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

Rakuten Stock Performance

The business has a fifty day moving average of $4.64 and a 200 day moving average of $4.79. The company has a market cap of $8.58 billion, a P/E ratio of -20.68 and a beta of 1.12. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.64.

Rakuten (OTCMKTS:RKUNY) last released its quarterly earnings results on Friday, August 14th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.09. The business had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Rakuten had a negative net margin of 2.48% and a negative return on equity of 5.09%. On average, equities analysts predict that Rakuten, Inc. will post -0.12 EPS for the current 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.