Rakuten (OTCMKTS:RKUNY) Shares Gap Up – Should You Buy?

Rakuten, Inc. (OTCMKTS:RKUNY) gapped up before the market opened on Friday . The stock had previously closed at $4.54, but opened at $4.74. Rakuten shares last traded at $4.74, with a volume of 7,665 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Rakuten from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Rakuten Stock Performance

The stock’s 50-day simple moving average is $4.91 and its 200-day simple moving average is $5.46. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of -12.68 and a beta of 1.12. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.11.

Rakuten (OTCMKTS:RKUNY) last announced its earnings results on Thursday, May 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Rakuten had a negative net margin of 4.83% and a negative return on equity of 9.99%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.92 billion.

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.