Rakuten (OTCMKTS:RKUNY) Sets New 12-Month Low – Time to Sell?

Rakuten, Inc. (OTCMKTS:RKUNY) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.5040 and last traded at $4.54, with a volume of 95693 shares changing hands. The stock had previously closed at $4.5995.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Rakuten from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Rakuten has an average rating of “Buy”.

Rakuten Stock Performance

The stock has a 50 day moving average of $5.42 and a 200 day moving average of $6.01. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.11. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of -8.41 and a beta of 1.21.

Rakuten (OTCMKTS:RKUNY) last released its earnings results on Thursday, February 12th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate 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 EPS for the current fiscal year.

Rakuten Company Profile

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.