CyberAgent (OTCMKTS:CYGIY) Trading Down 14.4% – Here’s What Happened

Shares of CyberAgent (OTCMKTS:CYGIY) were down 14.4% during trading on Tuesday . The stock traded as low as $3.81 and last traded at $3.81. 40 shares were traded during trading, a decline of 92% from the average daily volume of 505 shares. The stock had previously closed at $4.45.

Analysts Set New Price Targets

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

CyberAgent Stock Down 14.4%

The company has a quick ratio of 2.26, a current ratio of 2.32 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $4.06 and a 200-day simple moving average of $4.49. The company has a market cap of $3.86 billion, a PE ratio of 14.11 and a beta of 0.32.

CyberAgent (OTCMKTS:CYGIY) last posted its quarterly earnings data on Thursday, May 21st. The company reported $999.00 EPS for the quarter. CyberAgent had a return on equity of 18.43% and a net margin of 4.60%. Equities research analysts anticipate that CyberAgent will post 0.31 EPS for the current year.

About CyberAgent

CyberAgent, Inc is a Tokyo‐based digital services company known for its diversified operations in online advertising, media content, and mobile gaming. Founded in 1998 by Susumu Fujita, the company pioneered performance‐based internet advertising in Japan and quickly expanded its reach. CyberAgent operates as a publicly traded entity on the Tokyo Stock Exchange and maintains an American Depositary Receipt (ADR) program under the ticker CYGIY on the OTC Markets.

In its advertising segment, CyberAgent provides a comprehensive suite of digital marketing solutions, including programmatic ad buying, influencer marketing, and data analytics.