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

CyberAgent (OTCMKTS:CYGIY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $4.58, but opened at $4.30. CyberAgent shares last traded at $4.30, with a volume of 11 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of CyberAgent to a “hold” rating in a research report on Friday, June 19th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

CyberAgent Price Performance

The stock has a 50 day moving average price of $4.24 and a two-hundred day moving average price of $4.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.26 and a current ratio of 2.32. The company has a market capitalization of $4.36 billion, a PE ratio of 15.93 and a beta of 0.32.

CyberAgent Company Profile

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.