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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped down prior to trading on Tuesday . The stock had previously closed at $17.06, but opened at $16.33. KDDI shares last traded at $17.03, with a volume of 15,996 shares.

KDDI Stock Down 1.4%

The company has a market cap of $67.41 billion, a price-to-earnings ratio of 13.56 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. The business has a fifty day moving average of $16.64 and a two-hundred day moving average of $16.91.

KDDI (OTCMKTS:KDDIY) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.63). The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $10.31 billion. As a group, equities analysts anticipate that KDDI Corporation Unsponsored ADR will post 1.27 EPS for the current fiscal year.

About KDDI

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.