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

Rakuten, Inc. (OTCMKTS:RKUNY) hit a new 52-week low on Tuesday. The company traded as low as $3.7875 and last traded at $3.7950, with a volume of 46,762 shares traded. The stock had previously closed at $3.83.

Analyst Ratings Changes

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

Rakuten Stock Performance

The firm has a market cap of $8.26 billion, a price-to-earnings ratio of -19.89 and a beta of 1.12. The stock has a 50 day moving average of $4.35 and a 200 day moving average of $4.91. 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 posted its quarterly earnings results on Friday, August 14th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.09. The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Rakuten had a negative return on equity of 5.09% and a negative net margin of 2.48%. As a group, analysts anticipate that Rakuten, Inc. will post -0.12 EPS for the current fiscal 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.