Rakuten Group (OTCMKTS:RKUNY) Posts Quarterly Earnings Results

Rakuten Group (OTCMKTS:RKUNY) issued its earnings results on Friday. The company reported ($0.04) earnings per share for the quarter, Zacks reports. Rakuten Group had a negative net margin of 12.90% and a negative return on equity of 26.14%.

Rakuten Group Trading Up 5.7 %

Shares of OTCMKTS:RKUNY traded up $0.36 during trading on Friday, reaching $6.70. 24,264 shares of the stock were exchanged, compared to its average volume of 16,177. The firm’s 50-day moving average price is $5.98 and its 200 day moving average price is $6.09. The firm has a market cap of $14.44 billion, a price-to-earnings ratio of -7.53 and a beta of 0.97. Rakuten Group has a 12-month low of $4.30 and a 12-month high of $7.27. The company has a debt-to-equity ratio of 5.73, a quick ratio of 1.16 and a current ratio of 1.16.

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.