KDDI (OTCMKTS:KDDIY) Sees Large Volume Increase – Here’s What Happened

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) saw unusually-high trading volume on Thursday . Approximately 484,808 shares were traded during trading, an increase of 118% from the previous session’s volume of 222,671 shares.The stock last traded at $16.7850 and had previously closed at $16.84.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of KDDI from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

KDDI Price Performance

The stock has a 50 day moving average of $17.18 and a 200-day moving average of $16.82. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $64.00 billion, a P/E ratio of 13.34 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last released its earnings results on Thursday, November 6th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $10.40 billion. On average, equities research analysts anticipate that KDDI Corporation Unsponsored ADR will post 1.11 earnings per share for the current fiscal 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.