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

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) shares gapped down prior to trading on Tuesday. The stock had previously closed at $6.51, but opened at $6.2350. LY shares last traded at $6.33, with a volume of 327 shares changing hands.

LY Stock Performance

The stock has a market capitalization of $21.80 billion, a P/E ratio of 16.23 and a beta of 0.93. The business has a fifty day simple moving average of $6.64 and a 200-day simple moving average of $5.56.

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 during the quarter. LY had a net margin of 6.24% and a return on equity of 5.49%. On average, sell-side analysts anticipate that LY Corporation Unsponsored ADR will post 0.42 earnings per share for the current year.

About LY

Yahoo Inc is a global technology and media company that operates a portfolio of consumer internet services. Its offerings include Yahoo Mail, Yahoo Search, Yahoo Finance, Yahoo News, Yahoo Sports and Yahoo Entertainment, which provide users with communication, information, financial content and digital media experiences.

The company generates revenue primarily through digital advertising and related partnerships across its online properties. Yahoo serves users internationally, with its services available across multiple geographic markets and supported by localized content and products.

Yahoo was founded in 1994 by Jerry Yang and David Filo.