LY (OTCMKTS:YAHOY) Hits New 52-Week High – What’s Next?

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $6.97 and last traded at $6.97, with a volume of 2717 shares changing hands. The stock had previously closed at $6.78.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised LY to a “hold” rating in a report on Sunday, May 10th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

LY Trading Up 2.5%

The stock’s fifty day moving average price is $5.62 and its 200 day moving average price is $5.27. The stock has a market cap of $23.92 billion, a P/E ratio of 17.82 and a beta of 0.92.

LY (OTCMKTS:YAHOY) last posted its quarterly earnings data on Monday, August 3rd. The technology company reported $0.12 earnings per share (EPS) for the quarter. LY had a net margin of 6.24% and a return on equity of 5.46%. The company had revenue of $3.48 billion during the quarter. On average, analysts anticipate that LY Corporation Unsponsored ADR will post 0.28 earnings per share for the current 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.