LY (OTCMKTS:YAHOY) Shares Gap Up – Still a Buy?

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $4.65, but opened at $4.88. LY shares last traded at $4.87, with a volume of 194,886 shares.

LY Price Performance

The business’s 50-day moving average price is $5.09 and its two-hundred day moving average price is $5.61. The firm has a market cap of $16.80 billion, a price-to-earnings ratio of 12.20 and a beta of 0.88.

LY (OTCMKTS:YAHOY) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $3.25 billion for the quarter. LY had a net margin of 10.60% and a return on equity of 5.85%. As a group, sell-side analysts forecast that LY Corporation Unsponsored ADR will post 0.26 earnings per share for the current year.

About LY

LY Corporation engages in the online advertising and e-commerce businesses in Japan. The company provides LINE, a communication app; and Yahoo! JAPAN, an internet service that offers search, news, weather, shopping, auction, and other services. It also offers reuse, membership, and payment-related services. The company was formerly known as Z Holdings Corporation and changed its name to LY Corporation in October 2023. LY Corporation was founded in 1996 and is headquartered in Chiyoda, Japan. LY Corporation operates as a subsidiary of A Holdings Corporation.