YY Inc Sees Unusually Large Options Volume (YY)
Shares of YY Inc (NYSE:YY) were the target of some unusual options trading activity on Monday. Traders acquired 6,492 put options on the company, StockRatingsNetwork.com reports. This is an increase of approximately 168% compared to the average volume of 2,426 put options.
Several analysts have recently commented on the stock. Analysts at T.H. Capital initiated coverage on shares of YY Inc in a research note on Thursday, May 1st. They set a “hold” rating on the stock. Separately, analysts at TH Capital initiated coverage on shares of YY Inc in a research note on Thursday, May 1st. They set a “hold” rating on the stock. Finally, analysts at Zacks upgraded shares of YY Inc from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $74.60 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. YY Inc presently has a consensus rating of “Buy” and an average price target of $83.55.
YY Inc (NYSE:YY) traded up 3.12% during mid-day trading on Monday, hitting $67.25. The stock had a trading volume of 2,405,564 shares. YY Inc has a 52 week low of $23.06 and a 52 week high of $90.93. The stock has a 50-day moving average of $60.51 and a 200-day moving average of $63.52. The company has a market cap of $3.747 billion and a price-to-earnings ratio of 41.54.
YY Inc (NYSE:YY) last released its earnings data on Monday, May 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. The company had revenue of $107.20 million for the quarter, compared to the consensus estimate of $95.29 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 111.4% on a year-over-year basis. Analysts expect that YY Inc will post $2.39 EPS for the current fiscal year.
YY Inc (NYSE:YY) is a communication social platform, which engages users in online group activities through voice, text and video.
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