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

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY – Get Free Report)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $6.43, but opened at $6.6330. LY shares last traded at $6.4920, with a volume of 5,371 shares.

LY Stock Up 1.4%

The stock has a market cap of $22.46 billion, a price-to-earnings ratio of 23.29 and a beta of 0.97. The company’s 50-day simple moving average is $6.61 and its 200-day simple moving average is $5.64.

LY (OTCMKTS:YAHOY – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The technology company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $3.54 billion for the quarter. LY had a return on equity of 5.05% and a net margin of 4.39%. As a group, analysts expect that LY Corporation Unsponsored ADR will post 0.42 EPS for the current fiscal year.

LY Company Profile

(Get Free Report)

LY Corporation is a Japanese internet services company that operates Yahoo! JAPAN and the LINE messaging platform. Its services include online search and news, digital advertising, e-commerce, and communications tools. The company was formed in October 2023 through the integration of Z Holdings, LINE Corporation, and Yahoo Japan. Its offerings primarily serve users and businesses in Japan, with LINE also used in other markets.

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