The stock of YY Inc (ADR) (NASDAQ:YY) is a huge mover today! About 516,910 shares traded hands. YY Inc (ADR) (NASDAQ:YY) has declined 5.22% since March 15, 2016 and is downtrending. It has underperformed by 10.70% the S&P500.
The move comes after 7 months positive chart setup for the $2.78 billion company. It was reported on Oct, 18 by Barchart.com. We have $78.40 PT which if reached, will make NASDAQ:YY worth $1.33B 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. The rating was downgraded by Zacks to “Hold” on Thursday, August 20. The firm has “Overweight” rating by JP Morgan given on Wednesday, August 31. The firm earned “Sector Weight” rating on Monday, August 17 by Pacific Crest. The stock has “Overweight” rating given by Piper Jaffray on Friday, August 14.
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.”
More news for YY Inc (ADR) (NASDAQ:YY) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on November 21, 2012. Thestreet.com‘s article titled: “YY Inc. (YY) Stock Slumping on Earnings Miss” and published on May 12, 2015 is yet another important article.
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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