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

CyberAgent (OTCMKTS:CYGIY)’s stock price gapped up prior to trading 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.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded CyberAgent to a “hold” rating in a report on Friday, June 19th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, CyberAgent has an average rating of “Hold”.

CyberAgent Stock Up 4.0%

The company has a market cap of $3.96 billion, a price-to-earnings ratio of 14.44 and a beta of 0.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.47 and a current ratio of 2.54. The stock’s fifty day moving average is $4.16 and its two-hundred day moving average is $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.