LY (OTCMKTS:YAHOY) Shares Gap Up – Here’s Why

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $6.71, but opened at $7.08. LY shares last traded at $6.83, with a volume of 6,948 shares.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded LY to a “hold” rating in a research report on Sunday, May 10th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

LY Stock Performance

The company’s 50 day simple moving average is $5.85 and its 200 day simple moving average is $5.33. The stock has a market cap of $23.52 billion, a price-to-earnings ratio of 17.51 and a beta of 0.90.

LY (OTCMKTS:YAHOY) last issued its quarterly earnings results on Monday, August 3rd. The technology company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $3.48 billion for the quarter. LY had a return on equity of 5.46% and a net margin of 6.24%. Sell-side analysts predict that LY Corporation Unsponsored ADR will post 0.42 EPS for the current year.

About LY

LY Corporation engages in the online advertising and e-commerce businesses in Japan. The company provides LINE, a communication app; and Yahoo! JAPAN, an internet service that offers search, news, weather, shopping, auction, and other services. It also offers reuse, membership, and payment-related services. The company was formerly known as Z Holdings Corporation and changed its name to LY Corporation in October 2023. LY Corporation was founded in 1996 and is headquartered in Chiyoda, Japan. LY Corporation operates as a subsidiary of A Holdings Corporation.