Rakuten (OTCMKTS:RKUNY) Sees Large Volume Increase – Still a Buy?

Rakuten, Inc. (OTCMKTS:RKUNY) shares saw an uptick in trading volume on Tuesday . 145,427 shares changed hands during mid-day trading, an increase of 338% from the previous session’s volume of 33,168 shares.The stock last traded at $4.86 and had previously closed at $4.88.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Rakuten from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Rakuten Stock Performance

The company has a market cap of $10.50 billion, a price-to-earnings ratio of -8.95 and a beta of 1.20. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.11. The stock’s fifty day simple moving average is $5.29 and its 200 day simple moving average is $5.94.

Rakuten (OTCMKTS:RKUNY) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.15 billion. Rakuten had a negative net margin of 7.13% and a negative return on equity of 14.73%. As a group, analysts anticipate that Rakuten, Inc. will post 0.06 earnings per share for the current 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.