LY (OTCMKTS:YAHOY) Hits New 52-Week High – Time to Buy?

Shares of LY Co. (OTCMKTS:YAHOY) reached a new 52-week high during trading on Monday . The stock traded as high as $7.51 and last traded at $7.23, with a volume of 196160 shares changing hands. The stock had previously closed at $7.13.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group initiated coverage on shares of LY in a research report on Tuesday, March 25th. They issued a “neutral” rating on the stock.

LY Stock Up 2.2 %

The business has a 50-day moving average price of $6.81 and a 200-day moving average price of $5.97. The firm has a market capitalization of $26.29 billion, a price-to-earnings ratio of 36.75 and a beta of 0.96.

LY (OTCMKTS:YAHOY) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $0.08 EPS for the quarter. LY had a return on equity of 3.65% and a net margin of 6.17%. On average, equities research analysts forecast that LY Co. 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.