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

Key Points

• LY Corporation's shares opened at $6.23, down from a previous close of $6.43, and last traded at $6.34 with a total volume of 12,196 shares.
• Zacks Research downgraded LY from a "strong-buy" to a "hold" rating, contributing to the current average rating of "Hold" among analysts.
• In its latest earnings report, LY Corporation reported $0.08 earnings per share and a revenue of $3.39 billion, with analysts predicting an EPS of 0.26 for the year.

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $6.43, but opened at $6.23. LY shares last traded at $6.34, with a volume of 12,196 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research cut 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, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

LY Price Performance

The stock has a market cap of $22.09 billion, a PE ratio of 23.78 and a beta of 0.67. The business has a fifty day moving average of $6.71 and a 200-day moving average of $7.04.

LY (OTCMKTS:YAHOY - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $3.39 billion during the quarter. LY had a return on equity of 5.81% and a net margin of 7.78%. As a group, equities research analysts predict that LY Corporation Unsponsored ADR will post 0.26 EPS 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.

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