Line Corp (LN) Shares Gap Up to $43.37
Line Corp (NYSE:LN)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $43.04, but opened at $43.37. Line Corp shares last traded at $44.22, with a volume of 311,145 shares trading hands.
Several equities analysts have recently issued reports on the stock. Jefferies Group reissued a “hold” rating on shares of Line Corp in a report on Thursday, September 8th. JPMorgan Chase & Co. assumed coverage on shares of Line Corp in a report on Wednesday, August 24th. They set a “neutral” rating for the company. Finally, Morgan Stanley assumed coverage on shares of Line Corp in a report on Monday, August 8th. They set an “overweight” rating for the company.
The firm has a 50 day moving average of $43.27 and a 200-day moving average of $41.87. The company has a market capitalization of $9.26 billion and a price-to-earnings ratio of 2934.00.
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Line Corp Company Profile
LINE Corporation is a Japan-based company mainly engaged in the operation of LINE business portal business. Its LINE business portal segment includes communication and content service and advertising service. Communication and content service provides communication, contents and other services, such as LINE Pay, LINE FRIENDS and LINE Mobile.
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