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 Monday . The stock had previously closed at $17.42, but opened at $16.88. KDDI shares last traded at $17.3250, with a volume of 6,980 shares.

Analyst Ratings Changes

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

KDDI Price Performance

The company has a market cap of $72.58 billion, a PE ratio of 13.75 and a beta of 0.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.57. The stock’s 50-day moving average is $16.28 and its 200 day moving average is $16.80.

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