Changyou.com Ltd. (CYOU) Hits New 52-Week High at $26.82
Changyou.com Ltd. (NASDAQ:CYOU) hit a new 52-week high on Monday . The stock traded as high as $26.82 and last traded at $25.69, with a volume of 1,700,826 shares trading hands. The stock had previously closed at $23.60.
CYOU has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Changyou.com from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Monday, August 8th. Macquarie downgraded shares of Changyou.com from a “neutral” rating to an “underperform” rating and set a $16.00 price objective for the company. in a research note on Tuesday, July 26th. Three 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 given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.17.
The firm has a market capitalization of $1.34 billion and a PE ratio of 7.344. The stock has a 50-day moving average of $21.13 and a 200 day moving average of $19.34.
Changyou.com (NASDAQ:CYOU) last announced its earnings results on Monday, August 1st. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.08. During the same period in the previous year, the company earned $0.95 earnings per share. The business had revenue of $129 million for the quarter, compared to analysts’ expectations of $129.30 million. Changyou.com’s quarterly revenue was down 36.1% on a year-over-year basis. Equities 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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