CyberAgent (OTCMKTS:CYGIY) Stock Price Down 8.4% – Here’s Why

CyberAgent (OTCMKTS:CYGIY)’s share price traded down 8.4% during trading on Wednesday . The company traded as low as $4.58 and last traded at $4.58. Approximately 251 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 472 shares. The stock had previously closed at $5.00.

Analysts Set New Price Targets

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

CyberAgent Stock Performance

The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 17.04 and a beta of 0.32. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.32 and a quick ratio of 2.26. The stock has a 50-day moving average of $4.12 and a 200 day moving average of $4.27.

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.