Shares of Line Corp (NYSE:LN) were down 2.9% 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 analysts have weighed in on LN shares. Jefferies Group started coverage on Line Corp in a report on Thursday, July 14th. They set a “buy” rating for the company. Morgan Stanley started coverage on Line Corp in a report on Monday, August 8th. They set an “overweight” rating for the company.

The company has a market capitalization of $9.62 billion and a P/E ratio of 3048.00. The firm has a 50 day moving average price of $0.00 and a 200-day moving average price 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.

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