Rakuten Group (OTCMKTS:RKUNY) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Rakuten Group, Inc. (OTCMKTS:RKUNY)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.22 and traded as low as $6.06. Rakuten Group shares last traded at $6.09, with a volume of 33,247 shares trading hands.

Rakuten Group Stock Down 0.6 %

The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.73. The firm has a 50 day simple moving average of $6.22 and a 200-day simple moving average of $6.16. The stock has a market cap of $13.12 billion, a P/E ratio of -12.17 and a beta of 1.06.

Rakuten Group (OTCMKTS:RKUNY) last announced its earnings results on Friday, February 14th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $4.34 billion for the quarter. Rakuten Group had a negative return on equity of 15.31% and a negative net margin of 7.17%. On average, equities research analysts forecast that Rakuten Group, Inc. will post 0.06 earnings per share for the current fiscal year.

Rakuten Group Company Profile

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.