LY (OTCMKTS:YAHOY) Shares Gap Down – Here’s What Happened

Shares of LY Corporation Unsponsored ADR (OTCMKTS:YAHOY – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $5.67, but opened at $5.17. LY shares last traded at $5.1550, with a volume of 3,011 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised LY to a “hold” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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LY Stock Down 9.0%

The firm has a 50 day moving average of $5.07 and a two-hundred day moving average of $5.22. The firm has a market capitalization of $17.77 billion, a price-to-earnings ratio of 13.95 and a beta of 0.95.

LY (OTCMKTS:YAHOY – Get Free Report) last posted its earnings results on Friday, May 8th. The technology company reported $0.08 EPS for the quarter. LY had a net margin of 6.14% and a return on equity of 5.02%. The firm had revenue of $11.17 billion during the quarter. Sell-side analysts forecast that LY Corporation Unsponsored ADR will post 0.28 EPS for the current fiscal year.

LY Company Profile

(Get Free Report)

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.

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