CyberAgent (OTCMKTS:CYGIY) Shares Gap Down – What’s Next?

CyberAgent (OTCMKTS:CYGIY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $4.60, but opened at $4.00. CyberAgent shares last traded at $4.20, with a volume of 224 shares traded.

Analysts Set New Price Targets

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

CyberAgent Stock Down 7.6%

The stock has a fifty day moving average price of $4.32 and a two-hundred day moving average price of $4.25. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 14.72 and a beta of 0.32. The company has a quick ratio of 2.26, a current ratio of 2.32 and a debt-to-equity ratio of 0.33.

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.