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

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 changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded LY to a “hold” rating in a report on Sunday, May 10th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

LY Stock Down 3.5%

The company has a fifty day moving average of $5.81 and a two-hundred day moving average of $5.32. The stock has a market capitalization of $23.07 billion, a price-to-earnings ratio of 17.18 and a beta of 0.91.

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

About LY

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.