Rakuten (OTCMKTS:RKUNY) Shares Gap Up – Still a Buy?

Rakuten, Inc. (OTCMKTS:RKUNY) shares gapped up prior to trading on Thursday. The stock had previously closed at $4.29, but opened at $4.48. Rakuten shares last traded at $4.48, with a volume of 58,272 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Rakuten to a “hold” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Rakuten Stock Down 2.2%

The stock’s fifty day moving average is $4.84 and its two-hundred day moving average is $4.83. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.64. The firm has a market cap of $9.31 billion, a P/E ratio of -22.45 and a beta of 1.10.

Rakuten (OTCMKTS:RKUNY) last posted its earnings results on Friday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.09. Rakuten had a negative net margin of 2.48% and a negative return on equity of 5.09%. The business had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.11 billion. As a group, research analysts anticipate that Rakuten, Inc. will post -0.12 earnings per share for the current year.

About Rakuten

Rakuten Group, Inc is a Japan-based technology and internet services company founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer.