Line Corp (NYSE:LN) shares hit a new 52-week high on Monday . The stock traded as high as $48.10 and last traded at $47.18, with a volume of 3,162,058 shares traded. The stock had previously closed at $43.90.

Several research analysts recently weighed in on the company. Jefferies Group assumed coverage on Line Corp in a research report on Thursday, July 14th. They issued a “buy” rating for the company. Morgan Stanley assumed coverage on Line Corp in a research report on Monday, August 8th. They issued an “overweight” rating for the company.

The stock’s 50 day moving average is $0.00 and its 200 day moving average is $0.00. The company has a market cap of $9.77 billion and a price-to-earnings ratio of 3096.67.

LINE Corporation is a Japan-based company mainly engaged in the operation of LINE business portal business. Its LINE business portal segment includes communication and content service and advertising service. Communication and content service provides communication, contents and other services, such as LINE Pay, LINE FRIENDS and LINE Mobile.

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