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LY (OTCMKTS:YAHOY) Shares Up 3.2% - What's Next?

LY logo with Retail/Wholesale background

Key Points

  • LY Corporation's shares increased by 3.2%, trading at $6.81, with a trading volume spike of 169% compared to average levels.
  • The tech company reported a net margin of 7.78% and a return on equity of 5.90% in its latest earnings announcement.
  • LY engages in online advertising and e-commerce in Japan, operating popular services like LINE and Yahoo! JAPAN.
  • Want stock alerts on LY? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of LY Corporation Unsponsored ADR (OTCMKTS:YAHOY - Get Free Report) shot up 3.2% during mid-day trading on Tuesday . The stock traded as high as $6.82 and last traded at $6.81. 307,052 shares traded hands during trading, an increase of 169% from the average session volume of 114,009 shares. The stock had previously closed at $6.60.

LY Stock Up 3.2%

The company's fifty day moving average price is $7.20 and its 200 day moving average price is $7.03. The company has a market capitalization of $23.64 billion, a P/E ratio of 25.22 and a beta of 0.75.

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 5.90%. Research analysts predict that LY Corporation Unsponsored ADR will post 0.26 earnings per share for the current fiscal year.

LY Company Profile

(Get Free Report)

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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