Rakuten Inc (NASDAQ:RKUNY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “Rakuten, Inc. engages in the internet services business. Its operating segments consist of Internet Services, FinTech and Others. Internet Services segment manages e-commerce, online cash-back, travel booking, and portal and digital content sites. FinTech segment provides services over the internet related to banking and securities, credit cards, life insurance and electronic money. Others segment includes the provision of messaging and communication services and management of a Japanese professional baseball team. Rakuten, Inc. is headquartered in Tokyo, Japan. “

Shares of Rakuten Inc (NASDAQ:RKUNY) opened at 9.84 on Tuesday. The stock has a market cap of $14.04 billion and a P/E ratio of 42.60. The company has a 50 day moving average price of $9.68 and a 200 day moving average price of $10.96. Rakuten Inc has a 12-month low of $9.00 and a 12-month high of $13.97.

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