YY Inc Reaches New 1-Year High at $93.88 (YY)
Shares of YY Inc (NYSE:YY) hit a new 52-week high during mid-day trading on Thursday , AR Network reports. The company traded as high as $93.88 and last traded at $92.31, with a volume of 2,242,235 shares. The stock had previously closed at $88.75.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of YY Inc from a “neutral” rating to an “outperform” rating in a research note on Monday, August 11th. They now have a $88.80 price target on the stock. Analysts at Pacific Crest reiterated an “outperform” rating on shares of YY Inc in a research note on Thursday, August 7th. They now have a $110.00 price target on the stock, up previously from $93.00. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $86.30.
The stock’s 50-day moving average is $82.59 and its 200-day moving average is $72.84. The company has a market cap of $5.205 billion and a price-to-earnings ratio of 44.82.
YY Inc (NYSE:YY) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.12. The company had revenue of $135.60 million for the quarter, compared to the consensus estimate of $121.71 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. Analysts expect that YY Inc will post $2.77 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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