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

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 trading hands.

Wall Street Analysts Forecast Growth

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

CyberAgent Stock Down 8.7%

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 firm has a market capitalization of $4.26 billion, a PE ratio of 15.56 and a beta of 0.32. The company’s 50 day simple moving average is $4.31 and its 200-day simple moving average is $4.26.

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.