Rakuten Group (OTCMKTS:RKUNY) Shares Down 3%

Shares of Rakuten Group, Inc. (OTCMKTS:RKUNY) dropped 3% during mid-day trading on Friday . The company traded as low as $5.12 and last traded at $5.14. Approximately 5,372 shares traded hands during trading, a decline of 79% from the average daily volume of 25,754 shares. The stock had previously closed at $5.30.

Rakuten Group Trading Down 3.0 %

The stock’s 50-day moving average price is $5.07 and its 200-day moving average price is $4.98. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.13 and a current ratio of 1.13.

Rakuten Group (OTCMKTS:RKUNY) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.13) earnings per share for the quarter. Rakuten Group had a negative net margin of 14.15% and a negative return on equity of 26.20%. The business had revenue of $3.46 billion during the quarter. Research analysts predict that Rakuten Group, Inc. will post -0.15 EPS 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.