Zynga Inc (NASDAQ:ZNGA) Announces Modification In Executive Team – ZNGA, YHOO, BIDU, GOOG, AOL

The world’s leading provider of social game services, Zynga Inc (NASDAQ:ZNGA), reported on Tuesday a number of changes to the firm’s executive team. Amid these changes, Mark Vranesh, chief accounting officer, has been hired as a chief financial officer. Mr. Vranesh succeeded David Wehner, who is quiting the firm today to pursue a senior finance position at Facebook, Inc (NASDAQ:FB).

The firm also declared that David Ko, before chief mobile officer, has been selected chief operations officer; Barry Cottle, before executive vice president, business and corporate development, has been selected chief revenue officer; and Steven Chiang, before executive vice president of games, has been selected president of games.

Zynga Inc (NASDAQ:ZNGA) traded at $2.14 by increasing1.42% with price volatility of 3.80% for a week and 5.09% for a month plus price volatility’s Average True Range for 14 days was 0.13.

Stocks after opening at $2.10 hit high price of $2.21 and on last session stock held volume of 12.43 million shares which was unexpectedly lower than its average volume of 20.37 million shares.

Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 2.68 as current ratio and on the opponent side the debt to equity ratio was 0.05 and long-term debt to equity ratio also remained 0.05. The Company had total cash at hand $1.32 billion and a book value per share as $2.38 in the most recent quarter.

While investors who viewing ZNGA against other stocks with the reference of profit margin that are Yahoo! Inc. (NASDAQ:YHOO) having profit margin 66.94%, Baidu.com, Inc. (ADR) (NASDAQ:BIDU) with 47.20% profit margin, Google Inc (NASDAQ:GOOG) having 22.20% profit margin and AOL, Inc. (NYSE:AOL) having profit margin of 47.72%.

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Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.

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