KDDI (OTCMKTS:KDDIY) Shares Gap Down – Here’s Why

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped down before the market opened on Thursday . The stock had previously closed at $17.22, but opened at $16.79. KDDI shares last traded at $17.41, with a volume of 46,107 shares.

Analyst Ratings Changes

Separately, Zacks Research raised shares of KDDI from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

KDDI Price Performance

The firm has a market capitalization of $65.52 billion, a P/E ratio of 13.66 and a beta of 0.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.56 and a quick ratio of 0.54. The company has a fifty day moving average of $16.69 and a 200 day moving average of $16.76.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. The firm had revenue of $9.90 billion during the quarter, compared to the consensus estimate of $10.40 billion. Sell-side analysts predict that KDDI Corporation Unsponsored ADR will post 1.11 earnings per share for the current year.

KDDI Company Profile

KDDI Corporation (OTCMKTS: KDDIY) is a diversified Japanese telecommunications and information services company headquartered in Tokyo, Japan. Formed in 2000 through the merger of DDI Corporation, KDD Corporation and IDO Corporation, KDDI provides a broad set of connectivity and digital services for both consumer and enterprise customers. The company operates under well-known consumer brands and through a network of subsidiaries and affiliates that deliver telecommunications, internet and ICT solutions.

At its core, KDDI offers mobile communications services (including the “au” consumer brand), fixed-line and broadband internet access, and fiber-optic services.