Changyou.com Ltd. (CYOU) Sees Strong Trading Volume
Changyou.com Ltd. (NASDAQ:CYOU) shares saw unusually-high trading volume on Monday . Approximately 100,172 shares were traded during trading, a decline of 10% from the previous session’s volume of 111,786 shares.The stock last traded at $21.52 and had previously closed at $21.46.
CYOU has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Changyou.com from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, July 12th. Brean Capital reiterated a “hold” rating on shares of Changyou.com in a research report on Tuesday, April 26th. Finally, Macquarie lowered shares of Changyou.com from a “neutral” rating to an “underperform” rating and set a $16.00 price target on the stock. in a research report on Tuesday, July 26th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Changyou.com has an average rating of “Hold” and a consensus target price of $20.17.
The stock has a market cap of $1.12 billion and a PE ratio of 6.14. The company’s 50-day moving average price is $20.93 and its 200-day moving average price is $19.22.
Changyou.com (NASDAQ:CYOU) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The company earned $129 million during the quarter, compared to the consensus estimate of $129.30 million. Changyou.com’s revenue for the quarter was down 36.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 earnings per share. Equities research analysts predict that Changyou.com Ltd. will post $2.37 EPS for the current year.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.