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

Shares of LY Corporation Unsponsored ADR (OTCMKTS:YAHOYGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $7.0560, but opened at $6.6527. LY shares last traded at $6.78, with a volume of 1,297 shares traded.

LY Stock Performance

The firm has a market cap of $23.34 billion, a PE ratio of 17.39 and a beta of 0.90. The firm’s 50-day moving average price is $6.20 and its two-hundred day moving average price is $5.49.

LY (OTCMKTS:YAHOYGet Free Report) last issued its earnings results on Monday, August 3rd. The technology company reported $0.12 earnings per share (EPS) for the quarter. LY had a return on equity of 5.49% and a net margin of 6.24%.The business had revenue of $3.48 billion during the quarter. As a group, sell-side analysts predict that LY Corporation Unsponsored ADR will post 0.42 earnings per share for the current fiscal year.

LY Company Profile

(Get Free Report)

LY Corporation is a Japan-based internet services company formed in October 2023 through the integration of Z Holdings, Yahoo Japan and LINE. The company operates a broad digital ecosystem that connects consumers, businesses and content providers through online communication, search, commerce, financial technology and entertainment services.

Its principal consumer services include LINE, a messaging and digital communications platform, and Yahoo! JAPAN, which provides search, news, information and online shopping services.

Further Reading

Receive News & Ratings for LY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LY and related companies with MarketBeat.com's FREE daily email newsletter.