LY (OTCMKTS:YAHOY) Sees Strong Trading Volume Following Analyst Upgrade

Shares of LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) saw strong trading volume on Monday after Zacks Research upgraded the stock to a hold rating. 1,026,225 shares changed hands during trading, an increase of 129% from the previous session’s volume of 447,202 shares.The stock last traded at $5.34 and had previously closed at $5.37.

LY Stock Performance

The company’s 50 day moving average is $4.97 and its 200 day moving average is $5.27. The firm has a market cap of $18.29 billion, a P/E ratio of 13.29 and a beta of 0.91.

LY (OTCMKTS:YAHOY) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.05 earnings per share (EPS) for the quarter. LY had a net margin of 10.60% and a return on equity of 5.85%. The company had revenue of $3.25 billion during the quarter. On average, equities research analysts anticipate that LY Corporation Unsponsored ADR will post 0.27 EPS 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.