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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 stock analysts at Nomura Securities to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

Rakuten Group Stock Down 0.7%

OTCMKTS:RKUNY traded down $0.04 on Tuesday, reaching $5.44. The stock had a trading volume of 15,222 shares, compared to its average volume of 29,267. 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 company has a 50-day moving average of $5.57 and a 200 day moving average of $5.87. The stock has a market cap of $11.74 billion, a P/E ratio of -10.88 and a beta of 1.11. Rakuten Group has a 12-month low of $4.65 and a 12-month high of $7.27.

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