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

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) gapped up prior to trading on Wednesday . The stock had previously closed at $5.06, but opened at $5.45. LY shares last traded at $5.49, with a volume of 98,341 shares trading hands.

LY Price Performance

The company has a market capitalization of $18.41 billion, a price-to-earnings ratio of 13.38 and a beta of 0.91. The business’s 50 day simple moving average is $4.98 and its 200 day simple moving average is $5.31.

LY (OTCMKTS:YAHOY) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.05 EPS for the quarter. The company had revenue of $3.25 billion for the quarter. LY had a net margin of 10.60% and a return on equity of 5.85%. As a group, analysts expect that LY Corporation Unsponsored ADR will post 0.26 EPS 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.