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

CyberAgent (OTCMKTS:CYGIY) gapped up prior to trading on Wednesday . The stock had previously closed at $4.0140, but opened at $4.65. CyberAgent shares last traded at $4.65, with a volume of 3 shares.

Analysts Set New Price Targets

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

CyberAgent Price Performance

The firm has a 50 day moving average price of $4.33 and a two-hundred day moving average price of $4.25. 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 company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 17.22 and a beta of 0.32.

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.