LY (OTCMKTS:YAHOY) Shares Gap Up - Time to Buy?

Key Points

• LY Corporation's stock price gapped up from $6.30 to $6.56 before the market opened, but last traded at $6.19 with a volume of 831 shares.
• Zacks Research has downgraded LY from a "strong-buy" to a "hold" rating, with a current consensus rating of "Moderate Buy" from analysts.
• The company reported a $3.39 billion revenue for the most recent quarter, and it has a market cap of $21.65 billion with a return on equity of 5.81%.

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $6.30, but opened at $6.56. LY shares last traded at $6.19, with a volume of 831 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of LY from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, LY presently has an average rating of "Moderate Buy".

LY Stock Up 0.6%

The stock has a market capitalization of $22.22 billion, a price-to-earnings ratio of 23.70 and a beta of 0.67. The firm has a fifty day moving average of $6.87 and a 200-day moving average of $7.05.

LY (OTCMKTS:YAHOY - Get Free Report) last issued its quarterly earnings data 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, research 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.