Rakuten (OTCMKTS:RKUNY) Shares Gap Down - Here's What Happened

Rakuten, Inc. (OTCMKTS:RKUNY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $5.55, but opened at $5.23. Rakuten shares last traded at $5.39, with a volume of 1,612 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RKUNY. Nomura Securities raised Rakuten to a "hold" rating in a research report on Tuesday, May 27th. CLSA raised Rakuten to a "strong-buy" rating in a report on Thursday, May 29th.

Rakuten Stock Down 0.7%

The stock has a market cap of $11.86 billion, a price-to-earnings ratio of -9.29 and a beta of 1.04. The business's fifty day simple moving average is $5.47 and its 200 day simple moving average is $5.78. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.62.

Rakuten (OTCMKTS:RKUNY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $3.69 billion during the quarter. Rakuten had a negative net margin of 8.35% and a negative return on equity of 17.37%. Equities analysts forecast that Rakuten, Inc. will post 0.06 earnings per share for the current fiscal year.

About Rakuten

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.