LY (OTCMKTS:YAHOY) Hits New 1-Year Low – What’s Next?

Shares of LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) hit a new 52-week low on Wednesday . The company traded as low as $5.02 and last traded at $5.04, with a volume of 494929 shares trading hands. The stock had previously closed at $5.06.

LY Stock Performance

The stock has a market capitalization of $17.34 billion, a PE ratio of 13.26 and a beta of 0.86. The firm has a 50 day moving average of $5.30 and a 200-day moving average of $6.06.

LY (OTCMKTS:YAHOY) last released its earnings results on Tuesday, November 4th. The technology company reported $0.12 earnings per share for the quarter. The company had revenue of $3.43 billion for the quarter. LY had a return on equity of 6.38% and a net margin of 10.35%. On average, sell-side analysts predict that LY Corporation Unsponsored ADR will post 0.26 earnings per share for the current year.

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.