The stock of YY Inc (ADR) (NASDAQ:YY) is a huge mover today! The stock increased 3.78% or $1.72 on November 23, hitting $47.21. About 939,229 shares traded hands. YY Inc (ADR) (NASDAQ:YY) has declined 25.69% since April 22, 2016 and is downtrending. It has underperformed by 31.10% the S&P500.
The move comes after 7 months positive chart setup for the $1.79B company. It was reported on Nov, 24 by Barchart.com. We have $50.99 PT which if reached, will make NASDAQ:YY worth $143.20 million more.
Analysts await YY Inc (ADR) (NASDAQ:YY) to report earnings on March, 20.
YY Inc (ADR) (NASDAQ:YY) Ratings Coverage
Out of 3 analysts covering YY Inc (NASDAQ:YY), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. YY Inc has been the topic of 5 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The rating was initiated by HSBC with “Buy” on Monday, October 31. The firm earned “Overweight” rating on Friday, August 14 by Piper Jaffray. The firm has “Overweight” rating by JP Morgan given on Wednesday, August 31. The stock of YY Inc (ADR) (NASDAQ:YY) has “Sector Weight” rating given on Monday, August 17 by Pacific Crest. The rating was downgraded by Zacks to “Hold” on Thursday, August 20.
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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