KDDI (OTCMKTS:KDDIY) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $17.10 and traded as low as $16.7650. KDDI shares last traded at $16.81, with a volume of 342,000 shares traded.

Wall Street Analyst Weigh In

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

KDDI Trading Down 0.5%

The stock has a market capitalization of $64.00 billion, a P/E ratio of 13.34 and a beta of 0.04. The stock’s fifty day moving average price is $17.10 and its 200 day moving average price is $16.88. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.56 and a quick ratio of 0.54.

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.