Line Corp (NYSE:LN) traded down 4.1% during mid-day trading on Wednesday . The company traded as low as $42.27 and last traded at $42.95, with a volume of 1,152,034 shares changing hands. The stock had previously closed at $44.79.

A number of equities research analysts recently issued reports on the stock. Jefferies Group reissued a “hold” rating on shares of Line Corp in a report on Tuesday. JPMorgan Chase & Co. assumed coverage on shares of Line Corp in a report on Wednesday. They issued a “neutral” rating for the company. Finally, Morgan Stanley assumed coverage on shares of Line Corp in a report on Monday, August 8th. They issued an “overweight” rating for the company.

The stock’s 50 day moving average price is $0.00 and its 200 day moving average price is $0.00. The stock has a market capitalization of $8.86 billion and a PE ratio of 2806.67.

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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