LY (OTCMKTS:YAHOY) Shares Gap Up – Here’s What Happened

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) shares gapped up before the market opened on Friday . The stock had previously closed at $4.89, but opened at $5.37. LY shares last traded at $5.35, with a volume of 18,507 shares changing hands.

LY Stock Up 6.1%

The firm has a market cap of $18.65 billion, a P/E ratio of 13.55 and a beta of 0.87. The firm’s 50-day simple moving average is $5.23 and its 200 day simple moving average is $5.88.

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