LY (OTCMKTS:YAHOY) Sees Large Volume Increase – Here’s Why

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) saw unusually-strong trading volume on Monday . Approximately 420,219 shares were traded during mid-day trading, an increase of 204% from the previous session’s volume of 138,058 shares.The stock last traded at $5.51 and had previously closed at $5.47.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of LY from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, LY has an average rating of “Hold”.

LY Price Performance

The firm’s 50-day moving average price is $6.18 and its 200-day moving average price is $6.79. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 14.58 and a beta of 0.71.

LY (OTCMKTS:YAHOY) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.12 earnings per share for the quarter. LY had a net margin of 10.35% and a return on equity of 6.45%. The firm had revenue of $3.43 billion during the quarter. On average, sell-side analysts anticipate that LY Corporation Unsponsored ADR will post 0.26 earnings per share for the current year.

LY Company Profile

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.