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

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY – Get Free Report) shares 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 changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of LY to a “hold” rating in a research report on Sunday, May 10th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

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LY Stock Up 1.8%

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

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