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

Shares of LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) gapped up prior to trading on Friday . The stock had previously closed at $4.65, but opened at $4.88. LY shares last traded at $4.87, with a volume of 194,886 shares trading hands.

LY Stock Up 4.7%

The company has a market capitalization of $16.76 billion, a PE ratio of 12.18 and a beta of 0.88. The stock’s fifty day moving average price is $5.09 and its two-hundred day moving average price is $5.60.

LY (OTCMKTS:YAHOY) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.05 EPS for the quarter. LY had a return on equity of 5.85% and a net margin of 10.60%.The company had revenue of $3.25 billion for the quarter. On average, equities research analysts forecast that LY Corporation Unsponsored ADR will post 0.26 EPS for the current year.

About LY

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.