LY (OTCMKTS:YAHOY) Hits New 1-Year High – Should You Buy?

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) shares reached a new 52-week high on Tuesday . The company traded as high as $7.06 and last traded at $6.91, with a volume of 34551 shares changing hands. The stock had previously closed at $6.8850.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of LY to a “hold” rating in a report on Sunday, May 10th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

LY Trading Down 3.3%

The company has a market capitalization of $23.10 billion, a P/E ratio of 17.21 and a beta of 0.90. The stock has a 50 day moving average price of $5.85 and a 200 day moving average price of $5.33.

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 return on equity of 5.46% and a net margin of 6.24%. On average, research analysts predict that LY Corporation Unsponsored ADR will post 0.42 EPS for the current 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.