Changyou.com Ltd. (CYOU) Trading 8.2% Higher
Changyou.com Ltd. (NASDAQ:CYOU)’s share price traded up 8.2% during trading on Friday . The company traded as high as $23.73 and last traded at $23.25, with a volume of 258,210 shares traded. The stock had previously closed at $21.48.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Changyou.com from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, July 12th. Macquarie downgraded Changyou.com from a “neutral” rating to an “underperform” rating and set a $16.00 price objective on the stock. in a report on Tuesday, July 26th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Changyou.com has an average rating of “Hold” and a consensus price target of $20.17.
The company’s 50-day moving average is $21.13 and its 200 day moving average is $19.34. The company has a market cap of $1.23 billion and a P/E ratio of 6.74.
Changyou.com (NASDAQ:CYOU) last posted its earnings results on Monday, August 1st. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.08. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The company had revenue of $129 million for the quarter, compared to analyst estimates of $129.30 million. Changyou.com’s quarterly revenue was down 36.1% compared to the same quarter last year. Analysts forecast 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.
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