Line Corp (LN) Shares Down 3%
Shares of Line Corp (NYSE:LN) fell 3% during mid-day trading on Tuesday . The stock traded as low as $42.39 and last traded at $42.59, with a volume of 499,635 shares. The stock had previously closed at $43.91.
Several research firms recently issued reports on LN. Jefferies Group reissued a “hold” rating on shares of Line Corp in a research note on Tuesday, August 23rd. JPMorgan Chase & Co. began coverage on Line Corp in a research note on Wednesday, August 24th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley began coverage on Line Corp in a research note on Monday, August 8th. They issued an “overweight” rating on the stock.
The stock has a 50 day moving average of $41.07 and a 200-day moving average of $41.07. The firm has a market cap of $9.00 billion and a P/E ratio of 2851.33.
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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