LY (OTCMKTS:YAHOY) Shares Gap Down – Here’s Why

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $6.52, but opened at $6.26. LY shares last traded at $6.2629, with a volume of 4,131 shares.

LY Price Performance

The firm has a market cap of $21.94 billion, a PE ratio of 16.33 and a beta of 0.90. The stock has a 50-day moving average price of $6.43 and a 200 day moving average price of $5.61.

LY (OTCMKTS:YAHOY) last released its earnings results on Monday, August 3rd. The technology company reported $0.12 EPS for the quarter. LY had a return on equity of 5.49% and a net margin of 6.24%.The firm had revenue of $3.48 billion during the quarter. As a group, equities research analysts anticipate that LY Corporation Unsponsored ADR will post 0.42 earnings per share for the current year.

About LY

Yahoo is a global digital media and technology company that provides consumer internet services, online content and digital advertising solutions. Its products include Yahoo Mail, Yahoo Search, Yahoo News, Yahoo Finance, Yahoo Sports and other media and lifestyle services.

The company serves users primarily in the United States and internationally through localized websites, applications and online platforms. Yahoo’s services combine editorial content, search capabilities, communications tools, sports and financial information, and advertising offerings for businesses and marketers.

Yahoo was founded in 1994 by Jerry Yang and David Filo.