Line Corp (LN) Shares Down 3%
Shares of Line Corp (NYSE:LN) traded down 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 analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Line Corp in a research note on Wednesday, August 24th. They set a “neutral” rating for the company. Morgan Stanley assumed coverage on Line Corp in a research note on Monday, August 8th. They set an “overweight” rating for the company. Finally, Jefferies Group restated a “hold” rating on shares of Line Corp in a research note on Tuesday, August 23rd.
The firm’s 50 day moving average is $41.17 and its 200 day moving average is $41.17. The firm has a market capitalization of $8.86 billion and a PE ratio of 2805.9934.
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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