KDDI (OTCMKTS:KDDIY) Shares Gap Down – Time to Sell?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $19.70, but opened at $19.2001. KDDI shares last traded at $19.90, with a volume of 38,345 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on KDDIY. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a research note on Monday, July 27th. Zacks Research upgraded KDDI from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

KDDI Stock Performance

The firm has a fifty day moving average of $18.28 and a 200-day moving average of $17.27. The firm has a market cap of $79.85 billion, a P/E ratio of 15.81, a PEG ratio of 2.06 and a beta of 0.05. The company has a quick ratio of 0.55, a current ratio of 0.53 and a debt-to-equity ratio of 0.44.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. The firm had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.31 billion. Research analysts predict that KDDI Corporation Unsponsored ADR will post 1.26 earnings per share for the current fiscal year.

About KDDI

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet, and related digital services to consumers, businesses, and public-sector customers. Its principal consumer brands include au, UQ mobile, and povo.

KDDI also offers enterprise services such as network connectivity, cloud computing, data centers, cybersecurity, systems integration, and communications solutions for businesses.