CyberAgent (OTCMKTS:CYAGF) Shares Gap Down Following Weak Earnings

CyberAgent, Inc. (OTCMKTS:CYAGF)’s stock price gapped down prior to trading on Monday following a dissappointing earnings announcement. The stock had previously closed at $8.90, but opened at $8.40. CyberAgent shares last traded at $8.40, with a volume of 10 shares traded.

The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). CyberAgent had a net margin of 4.57% and a return on equity of 17.36%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion.

CyberAgent Stock Down 5.6%

The company has a current ratio of 2.32, a quick ratio of 2.26 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $8.86 and a two-hundred day simple moving average of $8.64. The company has a market cap of $4.26 billion, a PE ratio of 15.00 and a beta of 0.35.

CyberAgent Company Profile

CyberAgent, Inc is a Tokyo-based digital services company founded in 1998 by Susumu Fujita. The firm operates across three primary segments—digital advertising, gaming and media—serving clients and consumers mainly in Japan and select markets in Asia. Its headquarters in Shibuya, Tokyo, houses its leadership team led by Fujita in his roles as founder and chief executive officer.

In the digital advertising arena, CyberAgent provides performance marketing, programmatic display advertising, social media promotion and strategic consulting services.