Line Corp (LN) Shares Up 5.1%
Shares of Line Corp (NYSE:LN) shot up 5.1% on Tuesday . The stock traded as high as $42.13 and last traded at $42.04, with a volume of 912,674 shares traded. The stock had previously closed at $40.00.
Several research firms have recently weighed in on LN. Jefferies Group began coverage on Line Corp in a research report on Thursday, July 14th. They set a “buy” rating for the company. Morgan Stanley started coverage on Line Corp in a research report on Monday. They set an “overweight” rating for the company.
The firm’s 50 day moving average is $0.00 and its 200-day moving average is $0.00. The stock has a market capitalization of $7.19 billion and a PE ratio of 2740.00.
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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