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

CyberAgent (OTCMKTS:CYGIY) gapped up prior to trading on Wednesday. The stock had previously closed at $3.85, but opened at $3.95. CyberAgent shares last traded at $3.90, with a volume of 20 shares.

Analysts Set New Price Targets

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

CyberAgent Stock Performance

The stock has a 50 day simple moving average of $4.14 and a 200 day simple moving average of $4.18. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 14.44 and a beta of 0.40. The company has a quick ratio of 2.47, a current ratio of 2.54 and a debt-to-equity ratio of 0.32.

About CyberAgent

CyberAgent, Inc is a Japanese internet company founded in 1998 by Susumu Fujita and headquartered in Tokyo. The company operates across internet advertising, media and entertainment, and internet gaming, serving customers and users primarily in Japan.

Its advertising business provides digital marketing services, advertising technology, and related solutions for businesses seeking to reach online audiences. CyberAgent also operates media platforms, including Ameba, a blogging and online content service, and ABEMA, an internet-based video and live-streaming platform developed in partnership with TV Asahi.

Through its gaming and entertainment operations, CyberAgent develops and publishes mobile and online games, including titles produced through group companies such as Cygames.