KDDI (OTCMKTS:KDDIY) Shares Gap Down – What’s Next?

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped down before the market opened on Wednesday . The stock had previously closed at $16.34, but opened at $15.40. KDDI shares last traded at $16.47, with a volume of 6,189 shares traded.

KDDI Trading Up 1.4%

The business’s 50 day moving average price is $16.64 and its two-hundred day moving average price is $16.89. The company has a market capitalization of $66.40 billion, a price-to-earnings ratio of 13.36 and a beta of 0.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.56.

KDDI (OTCMKTS:KDDIY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.63). The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $10.31 billion. Equities analysts forecast that KDDI Corporation Unsponsored ADR will post 1.27 earnings per share 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.