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

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) gapped up before the market opened on Friday . The stock had previously closed at $6.1990, but opened at $6.5780. LY shares last traded at $6.5780, with a volume of 261 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded LY to a “hold” rating in a research report on Sunday, May 10th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

LY Stock Up 2.8%

The company has a 50-day moving average of $5.53 and a two-hundred day moving average of $5.23. The company has a market capitalization of $22.72 billion, a P/E ratio of 16.92 and a beta of 0.92.

LY (OTCMKTS:YAHOY) last issued its quarterly earnings results on Monday, August 3rd. The technology company reported $0.12 earnings per share (EPS) for the quarter. LY had a net margin of 6.24% and a return on equity of 5.46%. The company had revenue of $3.48 billion during the quarter. As a group, equities analysts expect that LY Corporation Unsponsored ADR will post 0.28 EPS for the current fiscal 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.