Zynga Inc (NASDAQ:ZNGA) announced that it re-releases its website, permitting users to play its games without initial signing on to Facebook Inc (NASDAQ:FB), that is a significant step toward set up its self-government from Facebook.
The release again of Zynga.com is the newest step in the sluggish disbanding of a special corporation that once leaps two of the nearly all influential players in the social Internet business.
The general manager of Zynga.com, Tim Catlin declared that he alleged Zynga’s players required to make sole player names that were not tied to their Facebook accounts that displays their real names.
Catlin added that user had to use their Facebook account to engage in recreation previously, other than this is going to change going forward, he declared that current players will still be capable to log in with their Facebook accounts.
They’ve been capable to seriously streamline that process, Catlin disclosed of the new Zynga.com website, which has been in the works for the previous year.
Coming to the stock performance in last Session ; Zynga Inc (NASDAQ:ZNGA) in last trading session end up at $3.35 by rising up 0.39% with traded volume of 18.23 million shares which is down the average volume of 49.35 million shares.
The stock price saw week’s volatility of 4.56% and month’s volatility is 5.72%, while the stock price of the company is moving down from its 20 days moving average with -4.30% and isolated positively from 50 days moving average with 9.08%.
Looking at Analytic Ratios; the price to sales ratio of ZNGA in past twelve months was calculated as 2.05 and price to cash ratio as 2.05. Company return on equity ratio is recorded as -11.72% and its return on assets is -8.22%.
ZNGA belongs to Technology sector. Yesterday Dow Jones U.S. Technology Index (STC) was at 749.56 with -1.34% change.