Rakuten (OTCMKTS:RKUNY) Shares Gap Down – Time to Sell?

Shares of Rakuten, Inc. (OTCMKTS:RKUNY) gapped down before the market opened on Tuesday. The stock had previously closed at $4.02, but opened at $3.86. Rakuten shares last traded at $3.86, with a volume of 1,366 shares changing hands.

Analysts Set New Price Targets

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

Rakuten Trading Down 3.3%

The company has a market cap of $8.43 billion, a P/E ratio of -20.32 and a beta of 1.12. The stock’s 50 day moving average is $4.46 and its 200-day moving average is $4.99. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.64.

Rakuten (OTCMKTS:RKUNY) last released its quarterly earnings data on Friday, August 14th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.09. The business had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.11 billion. Rakuten had a negative net margin of 2.48% and a negative return on equity of 5.09%. Research analysts anticipate that Rakuten, Inc. will post -0.12 earnings per share for the current fiscal 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.