LY (OTCMKTS:YAHOY) Shares Gap Up – Time to Buy?

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $4.65, but opened at $4.88. LY shares last traded at $4.87, with a volume of 194,886 shares traded.

LY Trading Up 4.9%

The company has a market cap of $16.80 billion, a price-to-earnings ratio of 12.20 and a beta of 0.88. The stock’s 50 day moving average price is $5.09 and its 200 day moving average price is $5.61.

LY (OTCMKTS:YAHOY) last released its earnings results on Wednesday, February 4th. The technology company reported $0.05 earnings per share (EPS) for the quarter. LY had a net margin of 10.60% and a return on equity of 5.85%. The business had revenue of $3.25 billion for the quarter. On average, equities analysts expect that LY Corporation Unsponsored ADR will post 0.26 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.