JOYY (NASDAQ:YY) Issues Earnings Results

JOYY (NASDAQ:YY) announced its earnings results on Wednesday. The information services provider reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $1.01, Zacks reports. JOYY had a return on equity of 4.64% and a net margin of 9.02%.

JOYY Trading Down 1.7 %

Shares of NASDAQ YY traded down $0.81 during trading hours on Wednesday, reaching $46.88. The stock had a trading volume of 1,294,007 shares, compared to its average volume of 444,920. JOYY has a 52-week low of $27.88 and a 52-week high of $55.31. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 14.16 and a beta of 0.21. The business’s fifty day moving average price is $45.75 and its two-hundred day moving average price is $39.89.

Wall Street Analyst Weigh In

A number of research firms recently commented on YY. Benchmark raised shares of JOYY from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. StockNews.com cut JOYY from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th.

About JOYY

JOYY Inc, together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.