LY (OTCMKTS:YAHOY) Shares Gap Down – What’s Next?

Shares of LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) gapped down prior to trading on Wednesday . The stock had previously closed at $6.92, but opened at $6.5650. LY shares last traded at $6.5650, with a volume of 398 shares trading hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised 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.com, LY currently has a consensus rating of “Hold”.

LY Stock Up 1.6%

The business’s 50 day simple moving average is $5.88 and its 200 day simple moving average is $5.35. The stock has a market cap of $23.48 billion, a price-to-earnings ratio of 17.49 and a beta of 0.90.

LY (OTCMKTS:YAHOY) last released its quarterly earnings data on Monday, August 3rd. The technology company reported $0.12 earnings per share for the quarter. The company had revenue of $3.48 billion for the quarter. LY had a net margin of 6.24% and a return on equity of 5.46%. Equities research analysts forecast that LY Corporation Unsponsored ADR will post 0.42 earnings per share for the current fiscal year.

LY Company Profile

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.