LY (OTCMKTS:YAHOY) Shares Gap Down - Here's What Happened

Key Points

• Shares of LY Corporation (OTCMKTS:YAHOY) fell sharply, opening at $6.80 after closing at $7.25, reflecting a decline of 10.8%.
• The company reported $0.08 earnings per share for the most recent quarter and had revenues of $3.39 billion.
• LY Corporation specializes in online advertising and e-commerce in Japan, operating platforms such as LINE and Yahoo! JAPAN.

Shares of LY Corporation Unsponsored ADR (OTCMKTS:YAHOY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $7.25, but opened at $6.80. LY shares last traded at $6.80, with a volume of 256 shares traded.

LY Stock Down 10.8%

The company has a 50-day simple moving average of $7.28 and a two-hundred day simple moving average of $7.00. The firm has a market cap of $22.46 billion, a PE ratio of 23.96 and a beta of 0.75.

LY (OTCMKTS:YAHOY - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The technology company reported $0.08 earnings per share for the quarter. LY had a return on equity of 5.35% and a net margin of 7.99%. The business had revenue of $3.39 billion for the quarter. As a group, equities analysts predict 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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