Changyou.Com Ltd (ADR) (CYOU) is Downgraded by Macquarie to Underperform

Changyou.Com Ltd (ADR) (CYOU) was Downgraded by Macquarie to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Macquarie advised their investors in a research report released on Jul 26, 2016.

On the company’s financial health, Changyou.Com Ltd (ADR) reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.57. The company had revenue of $129.80 million for the quarter, compared to analysts expectations of $130.95 million. The company’s revenue was down -37.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.97 EPS.

Changyou.Com Ltd (ADR) opened for trading at $20.72 and hit $21.64 on the upside on Wednesday, eventually ending the session at $21.25, with a gain of 1.43% or 0.3 points. The heightened volatility saw the trading volume jump to 45,160 shares. Company has a market cap of $1,109 M. Limited is an online game developer and operator. The company is engaged in the development operation and licensing of online games for personal computers (PCs) and mobile devices. This includes massively multiplayer online games (MMOGs) which are interactive online games that may be played simultaneously by hundreds of thousands of game players; mobile games which are played on mobile devices and require an Internet connection and Web games which are played over the Internet using a Web browser. The Company also owns and operates Web properties and software applications for PCs and mobile devices including the Website Website RaidCall and Dolphin Browser. The Company’s games in operation include: Tian Long Ba Bu Blade Online series Fantasy Frontier Online Echo of Soul DDTank Wartune Tian Long Ba Bu 3D and Qin Shi Ming Yue 2.

Changyou.Com Ltd (ADR)

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