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

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) gapped up before the market opened on Thursday . The stock had previously closed at $6.71, but opened at $7.08. LY shares last traded at $6.83, with a volume of 6,948 shares changing hands.

Analysts Set New Price Targets

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, the stock presently has an average rating of “Hold”.

LY Stock Down 1.0%

The company has a market capitalization of $23.26 billion, a PE ratio of 17.32 and a beta of 0.90. The firm has a 50-day moving average of $5.92 and a two-hundred day moving average of $5.36.

LY (OTCMKTS:YAHOY) last released its quarterly earnings data on Monday, August 3rd. The technology company reported $0.12 EPS for the quarter. The business 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%. Equities analysts predict that LY Corporation Unsponsored ADR will post 0.42 EPS 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.