LY (OTCMKTS:YAHOY) Shares Gap Down – Should You Sell?

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) gapped down before the market opened on Thursday . The stock had previously closed at $5.29, but opened at $5.17. LY shares last traded at $5.35, with a volume of 21,614 shares traded.

LY Trading Up 0.6%

The company has a market capitalization of $18.62 billion, a P/E ratio of 14.24 and a beta of 0.85. The company has a 50 day moving average price of $5.54 and a 200 day moving average price of $6.38.

LY (OTCMKTS:YAHOY) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter. LY had a return on equity of 6.38% and a net margin of 10.35%.The business had revenue of $3.43 billion during the quarter. As a group, sell-side analysts forecast that LY Corporation Unsponsored ADR will post 0.26 EPS for the current fiscal year.

LY Company Profile

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.