LY (OTCMKTS:YAHOY) Stock Price Down 5.6% – Here’s What Happened

by · The Markets Daily

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY – Get Free Report) shares dropped 5.6% during mid-day trading on Friday. The stock traded as low as $6.4647 and last traded at $6.4647. Approximately 2,126 shares were traded during trading, a decline of 99% from the average daily volume of 258,658 shares. The stock had previously closed at $6.85.

LY Stock Performance

The stock has a market cap of $22.31 billion, a price-to-earnings ratio of 16.61 and a beta of 0.90. The company has a 50-day simple moving average of $6.34 and a two-hundred day simple moving average of $5.57.

LY (OTCMKTS:YAHOY – Get Free Report) last released its earnings results on Monday, August 3rd. The technology company reported $0.12 earnings per share for the quarter. The business had revenue of $3.48 billion during the quarter. LY had a net margin of 6.24% and a return on equity of 5.49%. As a group, sell-side analysts predict that LY Corporation Unsponsored ADR will post 0.42 earnings per share for the current fiscal year.

About LY

(Get Free Report)

LY Corporation is a Japan-based internet services company formed in October 2023 through the integration of Z Holdings, Yahoo Japan and LINE. The company operates a broad digital ecosystem that connects consumers, businesses and content providers through online communication, search, commerce, financial technology and entertainment services.

Its principal consumer services include LINE, a messaging and digital communications platform, and Yahoo! JAPAN, which provides search, news, information and online shopping services.

Recommended Stories