Rakuten Group (OTCMKTS:RKUNY) Upgraded at CLSA

Rakuten Group (OTCMKTS:RKUNY - Get Free Report) was upgraded by equities research analysts at CLSA to a "strong-buy" rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Nomura Securities raised shares of Rakuten Group to a "hold" rating in a research report on Tuesday, May 27th.

Rakuten Group Price Performance

OTCMKTS RKUNY traded down $0.09 during mid-day trading on Thursday, hitting $5.67. The stock had a trading volume of 17,705 shares, compared to its average volume of 29,124. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of -11.34 and a beta of 1.11. The firm's 50 day moving average is $5.57 and its 200 day moving average is $5.86. Rakuten Group has a twelve month low of $4.65 and a twelve month high of $7.27. The company has a debt-to-equity ratio of 5.73, a current ratio of 1.16 and a quick ratio of 1.16.

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

About Rakuten Group

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.