Line Corp (LN) Trading 1.9% Higher
Line Corp (NYSE:LN) shares traded up 1.9% on Friday . The stock traded as high as $43.73 and last traded at $42.50, with a volume of 696,068 shares trading hands. The stock had previously closed at $41.70.
A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Line Corp in a research report on Wednesday. They issued a “neutral” rating for the company. Jefferies Group reiterated a “hold” rating on shares of Line Corp in a research report on Tuesday, August 23rd. Finally, Morgan Stanley assumed coverage on Line Corp in a research report on Monday, August 8th. They issued an “overweight” rating for the company.
The company has a 50 day moving average price of $40.98 and a 200 day moving average price of $40.98. The firm has a market capitalization of $8.95 billion and a PE ratio of 2835.33.
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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