LY (OTCMKTS:YAHOY) Trading Up 3.2% - Here's What Happened

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.

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

LY Stock Down 2.4%

The company has a market capitalization of $22.36 billion, a PE ratio of 23.85 and a beta of 0.75. The firm has a 50-day moving average of $7.16 and a two-hundred day moving average of $7.05.

LY (OTCMKTS:YAHOY - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $0.08 EPS for the quarter. The company 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%. On average, equities research analysts expect 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.