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

Rakuten Group logo with Computer and Technology background
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Shares of Rakuten Group, Inc. (OTCMKTS:RKUNY - Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 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 traded.

Rakuten Group Stock Down 1.0 %

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 company has a market capitalization of $12.92 billion, a PE ratio of -11.99 and a beta of 1.06. The company's 50 day moving average is $6.23 and its two-hundred day moving average is $6.14.

Rakuten Group (OTCMKTS:RKUNY - Get Free Report) last issued its quarterly earnings data 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 net margin of 7.17% and a negative return on equity of 15.31%. On average, analysts anticipate that Rakuten Group, Inc. will post 0.06 earnings per share for the current year.

About Rakuten Group

(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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