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

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $5.67, but opened at $5.17. LY shares last traded at $5.1550, with a volume of 3,011 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised LY to a “hold” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

LY Stock Down 2.5%

The firm has a fifty day moving average price of $5.08 and a two-hundred day moving average price of $5.21. The stock has a market capitalization of $17.42 billion, a P/E ratio of 13.68 and a beta of 0.95.

LY (OTCMKTS:YAHOY) last issued its quarterly earnings results on Friday, May 8th. The technology company reported $0.08 earnings per share for the quarter. LY had a return on equity of 5.02% and a net margin of 6.14%.The firm had revenue of $11.17 billion during the quarter. Sell-side analysts anticipate that LY Corporation Unsponsored ADR will post 0.28 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.