LY (OTCMKTS:YAHOY) Hits New 52-Week High – Time to Buy?

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) hit a new 52-week high during trading on Wednesday . The company traded as high as $6.97 and last traded at $6.97, with a volume of 2717 shares trading hands. The stock had previously closed at $6.78.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded LY to a “hold” rating in a research note on Sunday, May 10th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, LY presently has a consensus rating of “Hold”.

LY Trading Down 0.9%

The business’s fifty day simple moving average is $5.70 and its 200-day simple moving average is $5.29. The firm has a market cap of $23.73 billion, a P/E ratio of 17.68 and a beta of 0.92.

LY (OTCMKTS:YAHOY) last posted its earnings results on Monday, August 3rd. The technology company reported $0.12 earnings per share (EPS) for the quarter. LY had a return on equity of 5.46% and a net margin of 6.24%.The firm had revenue of $3.48 billion for the quarter. As a group, research analysts expect that LY Corporation Unsponsored ADR will post 0.42 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.