Line Corp (NYSE:LN) 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 changing hands. The stock had previously closed at $43.90.

LN has been the subject of several analyst reports. Morgan Stanley initiated coverage on shares of Line Corp in a research report on Monday, August 8th. They set an “overweight” rating for the company. Jefferies Group initiated coverage on shares of Line Corp in a research report on Thursday, July 14th. They set a “buy” rating for the company.

The stock has a market capitalization of $9.89 billion and a price-to-earnings ratio of 3132.67. The firm’s 50 day moving average is $0.00 and its 200 day moving average is $0.00.

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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