Changyou.com Ltd. (CYOU) Sees Large Volume Increase
Shares of Changyou.com Ltd. (NASDAQ:CYOU) saw unusually-strong trading volume on Thursday . Approximately 182,509 shares traded hands during mid-day trading, an increase of 81% from the previous session’s volume of 101,096 shares.The stock last traded at $22.01 and had previously closed at $21.96.
Several research analysts have recently issued reports on CYOU shares. Zacks Investment Research lowered Changyou.com from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Brean Capital reiterated a “hold” rating on shares of Changyou.com in a report on Tuesday, April 26th. Finally, Macquarie lowered Changyou.com from a “neutral” rating to an “underperform” rating and set a $16.00 target price on the stock. in a report on Tuesday, July 26th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Changyou.com has a consensus rating of “Hold” and an average target price of $20.17.
The company’s 50 day moving average price is $20.56 and its 200 day moving average price is $19.02. The stock has a market cap of $1.14 billion and a P/E ratio of 6.26.
Changyou.com (NASDAQ:CYOU) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08. The company had revenue of $129 million for the quarter, compared to analyst estimates of $129.30 million. During the same quarter last year, the company posted $0.95 earnings per share. The firm’s quarterly revenue was down 36.1% on a year-over-year basis. Equities research analysts anticipate that Changyou.com Ltd. will post $2.37 EPS for the current year.
A hedge fund recently bought a new stake in Changyou.com stock. Schroder Investment Management Group purchased a new stake in Changyou.com Ltd. (NASDAQ:CYOU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 102,100 shares of the company’s stock, valued at approximately $2,534,000. Schroder Investment Management Group owned about 0.20% of Changyou.com at the end of the most recent quarter.
Changyou.com Limited is an online game developer and operator. The company is engaged in the development, operation and licensing of online games for personal computers (PCs) and mobile devices. This includes massively multiplayer online games (MMOGs), which are interactive online games that may be played simultaneously by hundreds of thousands of game players; mobile games, which are played on mobile devices and require an Internet connection, and Web games, which are played over the Internet using a Web browser.
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