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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $17.09, but opened at $16.55. KDDI shares last traded at $17.24, with a volume of 47,428 shares.

Analyst Ratings Changes

Separately, Zacks Research raised KDDI from a “strong sell” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

KDDI Price Performance

The stock’s fifty day moving average price is $16.41 and its 200-day moving average price is $16.76. The firm has a market cap of $72.17 billion, a price-to-earnings ratio of 13.68 and a beta of 0.05. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 0.40.

KDDI (OTCMKTS:KDDIY) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $9.90 billion during the quarter, compared to analyst estimates of $10.40 billion. As a group, equities research analysts forecast that KDDI Corporation Unsponsored ADR will post 1.11 earnings per share for the current fiscal year.

About KDDI

KDDI Corporation provides telecommunications services in Japan and internationally. It operates in two segments, Personal Services and Business Services. The Personal Services segment offers telecommunication services and other services such as finance, energy, and LX through its multi-brands au, UQ mobile, and povo.