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

CyberAgent (OTCMKTS:CYGIY) gapped down prior to trading 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.

Analyst Ratings Changes

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

CyberAgent Stock Down 8.7%

The company has a quick ratio of 2.26, a current ratio of 2.32 and a debt-to-equity ratio of 0.33. The stock has a 50-day simple moving average of $4.31 and a two-hundred day simple moving average of $4.26. The firm has a market cap of $4.26 billion, a PE ratio of 15.56 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.