Line Corp (LN) Shares Down 2.9%
Line Corp (NYSE:LN)’s share price traded down 2.9% during trading on Thursday . The company traded as low as $44.60 and last traded at $46.02, with a volume of 1,304,099 shares. The stock had previously closed at $47.40.
A number of equities analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Line Corp in a research note on Monday, August 8th. They issued an “overweight” rating for the company. Jefferies Group assumed coverage on shares of Line Corp in a research note on Thursday, July 14th. They issued a “buy” rating for the company.
The stock has a market cap of $9.79 billion and a price-to-earnings ratio of 3101.33. The stock has a 50-day moving average of $0.00 and a 200-day moving average of $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.