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

CyberAgent (OTCMKTS:CYGIY) gapped down before the market opened on Wednesday . The stock had previously closed at $4.55, but opened at $4.30. CyberAgent shares last traded at $4.30, with a volume of 1 shares trading hands.

Wall Street Analysts Forecast Growth

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

CyberAgent Price Performance

The stock has a market cap of $4.36 billion, a PE ratio of 15.93 and a beta of 0.33. 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’s fifty day moving average is $4.42 and its 200 day moving average is $4.24.

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.