LY (OTCMKTS:YAHOY) Shares Down 6.3% – Time to Sell?

Shares of LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) were down 6.3% during trading on Wednesday. The stock traded as low as $6.45 and last traded at $6.59. Approximately 3,983 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 226,843 shares. The stock had previously closed at $7.03.

LY Price Performance

The stock’s 50-day moving average is $6.62 and its two-hundred day moving average is $5.64. The stock has a market cap of $22.25 billion, a P/E ratio of 23.07 and a beta of 0.97.

LY (OTCMKTS:YAHOY) last announced its quarterly earnings results on Thursday, November 5th. The technology company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $3.54 billion for the quarter. LY had a net margin of 4.39% and a return on equity of 5.05%. On average, analysts anticipate that LY Corporation Unsponsored ADR will post 0.42 EPS for the current fiscal year.

LY Company Profile

LY Corporation is a Japanese internet services company that operates Yahoo! JAPAN and the LINE messaging platform. Its services include online search and news, digital advertising, e-commerce, and communications tools. The company was formed in October 2023 through the integration of Z Holdings, LINE Corporation, and Yahoo Japan. Its offerings primarily serve users and businesses in Japan, with LINE also used in other markets.