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

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

Analyst Ratings Changes

Separately, Zacks Research raised 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, CyberAgent presently has a consensus rating of “Hold”.

CyberAgent Price Performance

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

CyberAgent (OTCMKTS:CYGIY) last posted its earnings results 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%. Sell-side analysts expect that CyberAgent will post 0.31 earnings per share 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.