LY (OTCMKTS:YAHOY) Shares Down 0.1% - Here's Why

Key Points

• LY Corporation's share price fell by 0.1%, trading at $6.56 with a volume decline of 59% compared to its average daily trading volume.
• Analysts, including Zacks Research, have downgraded LY to a Hold rating, indicating a shift in market sentiment regarding the stock.
• The company reported $0.08 earnings per share and a net margin of 7.78% in its latest quarterly earnings, alongside forecasting an EPS of 0.26 for the current year.

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY - Get Free Report)'s share price dropped 0.1% on Tuesday . The stock traded as low as $6.54 and last traded at $6.56. Approximately 65,631 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 160,782 shares. The stock had previously closed at $6.57.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of LY from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, LY currently has a consensus rating of "Hold".

LY Trading Down 0.1%

The stock's 50-day simple moving average is $6.73 and its 200-day simple moving average is $7.05. The stock has a market cap of $22.57 billion, a price-to-earnings ratio of 24.30 and a beta of 0.67.

LY (OTCMKTS:YAHOY - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $3.39 billion for the quarter. LY had a net margin of 7.78% and a return on equity of 5.81%. On average, equities research 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.

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