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Rakuten Group (OTCMKTS:RKUNY) Raised to "Hold" at Nomura Securities

Rakuten Group logo with Computer and Technology background

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

Rakuten Group Trading Down 0.7%

Shares of Rakuten Group stock traded down $0.04 on Tuesday, reaching $5.44. 15,222 shares of the company's stock were exchanged, compared to its average volume of 29,267. The company has a market capitalization of $11.74 billion, a P/E ratio of -10.88 and a beta of 1.11. Rakuten Group has a 52 week low of $4.65 and a 52 week high of $7.27. The firm's 50-day moving average is $5.57 and its two-hundred day moving average is $5.86. The company has a debt-to-equity ratio of 5.73, a quick ratio of 1.16 and a current 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) earnings per share for the quarter. Rakuten Group had a negative return on equity of 15.31% and a negative net margin of 7.17%. The business had revenue of $3.69 billion during the quarter. Sell-side analysts predict that Rakuten Group will post 0.06 EPS for the current fiscal year.

Rakuten Group Company Profile

(Get Free Report)

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.

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