Rakuten (OTCMKTS:RKUNY) Shares Gap Down – Should You Sell?

Rakuten, Inc. (OTCMKTS:RKUNY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $6.60, but opened at $6.33. Rakuten shares last traded at $6.3350, with a volume of 1,359 shares traded.

Rakuten Stock Down 0.9%

The firm has a market cap of $13.45 billion, a PE ratio of -12.40 and a beta of 1.20. The company has a 50-day simple moving average of $6.23 and a 200-day simple moving average of $6.06. The company has a debt-to-equity ratio of 4.70, a current ratio of 1.16 and a quick ratio of 1.16.

Rakuten (OTCMKTS:RKUNY) last posted its earnings results on Thursday, November 13th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Rakuten had a negative net margin of 6.67% and a negative return on equity of 13.96%. Analysts expect that Rakuten, Inc. will post 0.06 earnings per share 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.