CyberAgent (OTCMKTS:CYGIY) Shares Down 9% – Here’s What Happened

CyberAgent (OTCMKTS:CYGIY)’s stock price dropped 9% on Wednesday . The stock traded as low as $4.05 and last traded at $4.05. Approximately 50 shares changed hands during trading, a decline of 94% from the average daily volume of 786 shares. The stock had previously closed at $4.45.

CyberAgent Trading Down 9.0%

The stock’s 50-day simple moving average is $4.40 and its two-hundred day simple moving average is $5.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.33 and a quick ratio of 2.28. The firm has a market capitalization of $4.11 billion, a P/E ratio of 16.20 and a beta of 0.61.

CyberAgent (OTCMKTS:CYGIY) last announced its quarterly earnings data on Friday, February 6th. The company reported $0.08 EPS for the quarter. CyberAgent had a net margin of 4.31% and a return on equity of 16.76%. The firm had revenue of $1.51 billion for the quarter. Equities research analysts expect that CyberAgent will post 0.15 EPS for the current year.

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.