LY (OTCMKTS:YAHOY) Shares Down 6.3% – Here’s What Happened

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY)’s stock price was down 6.3% during trading on Wednesday. The stock traded as low as $6.45 and last traded at $6.59. Approximately 3,983 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 226,843 shares. The stock had previously closed at $7.03.

LY Stock Performance

The company has a market capitalization of $22.25 billion, a P/E ratio of 23.07 and a beta of 0.97. The stock has a fifty day moving average of $6.62 and a 200 day moving average of $5.64.

LY (OTCMKTS:YAHOY) last issued its quarterly earnings results on Thursday, November 5th. The technology company reported $0.10 EPS for the quarter. The business had revenue of $3.54 billion during the quarter. LY had a return on equity of 5.05% and a net margin of 4.39%. Research analysts anticipate that LY Corporation Unsponsored ADR will post 0.42 EPS for the current fiscal year.

LY Company Profile

LY Corporation is a Japanese internet services company that operates Yahoo! JAPAN and the LINE messaging platform. Its services include online search and news, digital advertising, e-commerce, and communications tools. The company was formed in October 2023 through the integration of Z Holdings, LINE Corporation, and Yahoo Japan. Its offerings primarily serve users and businesses in Japan, with LINE also used in other markets.