LY (OTCMKTS:YAHOY) Shares Gap Down – Time to Sell?

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY – Get Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $7.05, but opened at $6.4050. LY shares last traded at $6.52, with a volume of 2,944 shares changing hands.

LY Stock Down 4.7%

The business has a 50 day moving average price of $6.32 and a two-hundred day moving average price of $5.56. The stock has a market cap of $22.48 billion, a P/E ratio of 16.74 and a beta of 0.90.

LY (OTCMKTS:YAHOY – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $0.12 EPS for the quarter. LY had a return on equity of 5.49% and a net margin of 6.24%.The company had revenue of $3.48 billion for the quarter. On average, research analysts forecast that LY Corporation Unsponsored ADR will post 0.42 earnings per share for the current 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.

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