LY (OTCMKTS:YAHOY) Shares Gap Up – Still a Buy?

by · The Markets Daily

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $5.2410, but opened at $5.44. LY shares last traded at $5.2150, with a volume of 28,511 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered LY from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on LY

LY Stock Down 0.2%

The stock has a 50 day moving average of $5.68 and a 200 day moving average of $6.48. The firm has a market capitalization of $18.00 billion, a price-to-earnings ratio of 13.76 and a beta of 0.85.

LY (OTCMKTS:YAHOY – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter. The business 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%. Analysts predict 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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