LY (OTCMKTS:YAHOY) Sees Strong Trading Volume – Here’s Why

by · The Markets Daily

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY – Get Free Report) shares saw an uptick in trading volume on Monday . 368,666 shares changed hands during mid-day trading, an increase of 150% from the previous session’s volume of 147,435 shares.The stock last traded at $5.2950 and had previously closed at $5.35.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of LY from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, LY currently has a consensus rating of “Hold”.

Get Our Latest Stock Report on LY

LY Stock Performance

The company has a market capitalization of $18.22 billion, a P/E ratio of 13.93 and a beta of 0.85. The company has a 50-day simple moving average of $5.84 and a 200 day simple moving average of $6.57.

LY (OTCMKTS:YAHOY – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter. LY had a net margin of 10.35% and a return on equity of 6.45%. The business had revenue of $3.43 billion for the quarter. As a group, sell-side analysts forecast that LY Corporation Unsponsored ADR will post 0.26 earnings per share for the current year.

LY Company Profile

(Get Free Report)

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.

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