CyberAgent (OTCMKTS:CYAGF) Shares Gap Down – Here’s Why

CyberAgent, Inc. (OTCMKTS:CYAGF)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $9.25, but opened at $8.0640. CyberAgent shares last traded at $8.0640, with a volume of 100 shares trading hands.

CyberAgent Stock Down 4.0%

The firm has a market cap of $4.09 billion, a PE ratio of 14.40 and a beta of 0.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.47 and a current ratio of 2.54. The firm’s 50-day moving average price is $8.67 and its two-hundred day moving average price is $8.50.

CyberAgent (OTCMKTS:CYAGF) last posted its earnings results on Friday, August 7th. 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 17.18%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion.

About CyberAgent

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.