The stock of YY Inc (ADR) (NASDAQ:YY) is a huge mover today! About 369,469 shares traded hands. YY Inc (ADR) (NASDAQ:YY) has declined 4.95% since March 7, 2016 and is downtrending. It has underperformed by 12.54% the S&P500.
The move comes after 8 months positive chart setup for the $2.98B company. It was reported on Oct, 10 by Barchart.com. We have $81.95 PT which if reached, will make NASDAQ:YY worth $1.37B more.
YY Inc (ADR) (NASDAQ:YY) Ratings Coverage
Out of 2 analysts covering YY Inc (NASDAQ:YY), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. YY Inc has been the topic of 4 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Piper Jaffray maintained the stock with “Overweight” rating in Friday, August 14 report. The firm has “Hold” rating by Zacks given on Thursday, August 20. The rating was initiated by JP Morgan on Wednesday, August 31 with “Overweight”. As per Monday, August 17, the company rating was downgraded by Pacific Crest.
According to Zacks Investment Research, “YY Inc. is a communication social platform, which engages users in online group activities through voice, text and video. The Company’s Platform consists of YY Client, the YY.com and Duowan.com web portals, Mobile YY and Web-based YY. YY Inc. is based in Guangzhou, the People’s Republic of China.”
Another recent and important YY Inc (ADR) (NASDAQ:YY) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on November 21, 2012.
YY Company Profile
YY Inc. (YY), incorporated on July 22, 2011, is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s divisions include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning. YY offers users an entertainment experience through its social community. The Firm owns the domain names of YY.com, Duowan.com, 100.com, Huya.com, Edu24ol.com and Zhiniu8.com. The Company’s YY platform, including YY.com, is jointly operated by personnel from Guangzhou Huaduo and Zhuhai Duowan.
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