Line Corp (LN) Shares Down 4.1%
Line Corp (NYSE:LN)’s share price fell 4.1% during trading on Wednesday . The stock traded as low as $42.27 and last traded at $42.95, with a volume of 1,152,034 shares trading hands. The stock had previously closed at $44.79.
Several brokerages recently commented on LN. Jefferies Group began coverage on shares of Line Corp in a research note on Thursday, July 14th. They set a “buy” rating for the company. Morgan Stanley began coverage on shares of Line Corp in a research note on Monday, August 8th. They set an “overweight” rating for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Line Corp in a research note on Wednesday. They set a “neutral” rating for the company.
The stock has a market capitalization of $8.78 billion and a P/E ratio of 2780.00. The company’s 50-day moving average is $40.93 and its 200 day moving average is $40.93.
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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