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

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped up prior to trading on Thursday . The stock had previously closed at $17.15, but opened at $18.00. KDDI shares last traded at $16.9750, with a volume of 1,966,139 shares traded.

KDDI Price Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.54 and a current ratio of 0.56. The firm has a market capitalization of $64.38 billion, a P/E ratio of 13.42 and a beta of 0.04. The stock’s 50 day simple moving average is $16.92 and its 200 day simple moving average is $16.78.

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.