LY (OTCMKTS:YAHOY) Reaches New 1-Year High – Time to Buy?

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) hit a new 52-week high on Wednesday . The company traded as high as $6.97 and last traded at $6.97, with a volume of 2717 shares changing hands. The stock had previously closed at $6.78.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded LY to a “hold” rating in a research report on Sunday, May 10th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

LY Stock Performance

The stock’s 50 day moving average price is $5.62 and its 200-day moving average price is $5.27. The company has a market cap of $23.92 billion, a PE ratio of 17.82 and a beta of 0.92.

LY (OTCMKTS:YAHOY) last issued its earnings results on Monday, August 3rd. The technology company reported $0.12 EPS for the quarter. The company had revenue of $3.48 billion for the quarter. LY had a net margin of 6.24% and a return on equity of 5.46%. On average, analysts anticipate that LY Corporation Unsponsored ADR will post 0.28 EPS 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.