LY (OTCMKTS:YAHOY) Sees Large Volume Increase – Should You Buy?

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) shares saw an uptick in trading volume on Tuesday . 218,767 shares traded hands during trading, an increase of 35% from the previous session’s volume of 162,321 shares.The stock last traded at $5.2710 and had previously closed at $5.29.

LY Stock Performance

The firm’s 50-day simple moving average is $5.47 and its 200 day simple moving average is $6.28. The company has a market cap of $18.26 billion, a P/E ratio of 13.96 and a beta of 0.85.

LY (OTCMKTS:YAHOY) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.12 earnings per share for the quarter. The business had revenue of $3.43 billion for the quarter. LY had a return on equity of 6.38% and a net margin of 10.35%. As a group, research analysts forecast 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. The company was formerly known as Z Holdings Corporation and changed its name to LY Corporation in October 2023. LY Corporation was founded in 1996 and is headquartered in Chiyoda, Japan. LY Corporation operates as a subsidiary of A Holdings Corporation.