CyberAgent (OTCMKTS:CYGIY) Shares Gap Up – Here’s Why

CyberAgent (OTCMKTS:CYGIY)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $3.85, but opened at $3.95. CyberAgent shares last traded at $3.90, with a volume of 20 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of CyberAgent to a “hold” rating in a research report on Friday, June 19th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

CyberAgent Trading Up 4.0%

The stock has a market capitalization of $3.96 billion, a PE ratio of 14.44 and a beta of 0.40. The company has a current ratio of 2.54, a quick ratio of 2.47 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $4.16 and a 200-day moving average price of $4.18.

About CyberAgent

CyberAgent, Inc is a Japanese internet company founded in 1998 by Susumu Fujita and headquartered in Tokyo. The company operates across internet advertising, media and entertainment, and internet gaming, serving customers and users primarily in Japan.

Its advertising business provides digital marketing services, advertising technology, and related solutions for businesses seeking to reach online audiences. CyberAgent also operates media platforms, including Ameba, a blogging and online content service, and ABEMA, an internet-based video and live-streaming platform developed in partnership with TV Asahi.

Through its gaming and entertainment operations, CyberAgent develops and publishes mobile and online games, including titles produced through group companies such as Cygames.