Line Corp (NYSE:LN)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $48.12 and last traded at $47.44, with a volume of 61498 shares changing hands. The stock had previously closed at $40.78.
LN has been the subject of several research reports. Credit Suisse Group upgraded shares of Line from an “underperform” rating to a “neutral” rating in a report on Wednesday, September 11th. ValuEngine downgraded shares of Line from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, Zacks Investment Research downgraded shares of Line from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $3,500.00.
The company’s 50 day simple moving average is $37.22 and its 200 day simple moving average is $33.17. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of -305.38 and a beta of 1.10. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.98 and a quick ratio of 1.94.
Line Company Profile (NYSE:LN)
LINE Corporation provides a platform for mobile messaging and communication services, content distribution, and life and financial services primarily in Japan, Taiwan, Thailand, and Indonesia. It operates through two segments, Core Business and Strategic Business. The company offers LINE, a cross-platform messenger application that enables users to communicate through free instant messaging, stickers, and voice and video calls, as well as serves as a smart portal to its other applications and services.
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