LY (OTCMKTS:YAHOY) Posts Earnings Results

LY (OTCMKTS:YAHOY) announced its quarterly earnings results on Monday. The technology company reported $0.12 earnings per share for the quarter, Zacks reports. LY had a net margin of 6.14% and a return on equity of 4.98%.

LY Price Performance

YAHOY stock traded up $0.21 during trading hours on Monday, reaching $5.78. 8,083 shares of the stock were exchanged, compared to its average volume of 314,842. The company has a market cap of $19.90 billion, a price-to-earnings ratio of 15.62 and a beta of 0.92. The firm’s 50-day moving average is $5.25 and its 200-day moving average is $5.14. LY has a 12 month low of $4.58 and a 12 month high of $7.36.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research upgraded LY to a “hold” rating in a report on Friday, April 17th. The Goldman Sachs Group upgraded shares of LY to a “hold” rating in a report on Sunday, May 10th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.