KDDI (OTCMKTS:KDDIY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) saw strong trading volume on Thursday . 564,600 shares were traded during trading, an increase of 96% from the previous session’s volume of 288,211 shares.The stock last traded at $16.90 and had previously closed at $17.23.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered KDDI from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, KDDI has a consensus rating of “Sell”.

KDDI Stock Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.57 and a current ratio of 0.58. The company has a market capitalization of $70.86 billion, a price-to-earnings ratio of 13.43 and a beta of 0.08. The firm’s 50 day simple moving average is $16.25 and its 200-day simple moving average is $16.86.

KDDI (OTCMKTS:KDDIY) last released its earnings results on Thursday, November 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The business had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $10.40 billion. Analysts expect that KDDI Corporation Unsponsored ADR will post 1.11 EPS for the current year.

KDDI Company Profile

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.