YY (YY) Hits New 12-Month Low at $61.61

YY Inc (NASDAQ:YY)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $61.61 and last traded at $62.39, with a volume of 102949 shares traded. The stock had previously closed at $68.88.

A number of equities research analysts have issued reports on YY shares. Jefferies Financial Group restated a “buy” rating and set a $110.00 price target on shares of YY in a report on Wednesday, August 15th. ValuEngine cut shares of YY from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. BidaskClub cut shares of YY from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 8th. Benchmark restated a “buy” rating and set a $140.00 price target (down from $168.00) on shares of YY in a report on Tuesday, August 14th. Finally, CLSA set a $125.00 price target on shares of YY and gave the company a “buy” rating in a report on Tuesday, September 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $139.59.

The firm has a market cap of $4.73 billion, a PE ratio of 9.53, a PEG ratio of 0.48 and a beta of 0.72.

YY (NASDAQ:YY) last released its quarterly earnings results on Monday, August 13th. The information services provider reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.22. YY had a net margin of 14.99% and a return on equity of 22.08%. The company had revenue of $570.20 million during the quarter, compared to analysts’ expectations of $544.76 million. During the same period in the prior year, the company earned $1.53 earnings per share. The business’s quarterly revenue was up 48.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that YY Inc will post 6.95 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in YY. First Hawaiian Bank bought a new stake in shares of YY in the third quarter valued at about $151,000. Cascade Investment Advisors Inc. bought a new stake in shares of YY in the second quarter valued at about $166,000. Crossmark Global Holdings Inc. bought a new stake in shares of YY in the second quarter valued at about $212,000. Stevens Capital Management LP bought a new stake in shares of YY in the second quarter valued at about $212,000. Finally, United Services Automobile Association bought a new stake in shares of YY in the second quarter valued at about $223,000. Institutional investors and hedge funds own 61.30% of the company’s stock.

YY Company Profile (NASDAQ:YY)

YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; and Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.

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