Rakuten Group (OTCMKTS:RKUNY) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Rakuten Group, Inc. (OTCMKTS:RKUNY) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.25 and traded as low as $5.78. Rakuten Group shares last traded at $5.82, with a volume of 21,645 shares traded.

Rakuten Group Stock Down 1.7 %

The company has a market cap of $12.54 billion, a P/E ratio of -11.64 and a beta of 1.06. The stock has a 50-day moving average of $6.25 and a 200 day moving average of $6.12. 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) last issued its earnings results on Friday, February 14th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $4.34 billion during the quarter. Rakuten Group had a negative net margin of 7.17% and a negative return on equity of 15.31%. Research analysts anticipate that Rakuten Group, Inc. will post 0.06 earnings per share for the current 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.