The stock of YY Inc (ADR) (NASDAQ:YY) is a huge mover today! About 899,256 shares traded hands. YY Inc (ADR) (NASDAQ:YY) has risen 2.70% since March 8, 2016 and is uptrending. It has underperformed by 6.62% the S&P500.
The move comes after 7 months negative chart setup for the $3.13 billion company. It was reported on Oct, 11 by Barchart.com. We have $51.22 PT which if reached, will make NASDAQ:YY worth $156.50 million less.
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. The firm earned “Overweight” rating on Wednesday, August 31 by JP Morgan. On Thursday, August 20 the stock rating was downgraded by Zacks to “Hold”. The rating was maintained by Piper Jaffray on Friday, August 14 with “Overweight”. The firm has “Sector Weight” rating by Pacific Crest given on Monday, August 17.
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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