Rakuten Group (OTCMKTS:RKUNY) Shares Down 0.1% - Here's Why

Rakuten Group, Inc. (OTCMKTS:RKUNY - Get Free Report) shares traded down 0.1% during trading on Monday . The company traded as low as $5.53 and last traded at $5.56. 19,632 shares traded hands during trading, a decline of 34% from the average session volume of 29,688 shares. The stock had previously closed at $5.56.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Nomura Securities raised Rakuten Group to a "hold" rating in a research note on Tuesday. CLSA raised Rakuten Group to a "strong-buy" rating in a research note on Thursday.

Rakuten Group Stock Down 0.7%

The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of -10.88 and a beta of 1.11. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.73. The firm has a 50 day moving average price of $5.57 and a two-hundred day moving average price of $5.87.

Rakuten Group (OTCMKTS:RKUNY - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.22) EPS for the quarter. Rakuten Group had a negative return on equity of 15.31% and a negative net margin of 7.17%. The company had revenue of $3.69 billion for the quarter. On average, equities analysts expect that Rakuten Group, Inc. will post 0.06 earnings per share for the current fiscal year.

Rakuten Group Company Profile

Rakuten Group, Inc provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile. The Internet Services segment provides range of e-commerce sites, such as Rakuten Ichiba, an Internet shopping mall, online cash-back sites, travel booking sites, portal sites, and digital content sites.