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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped down before the market opened on Wednesday . The stock had previously closed at $17.23, but opened at $16.53. KDDI shares last traded at $17.2135, with a volume of 33,306 shares.

Analyst Upgrades and Downgrades

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

KDDI Price Performance

The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 0.39. The stock has a 50-day simple moving average of $16.24 and a 200 day simple moving average of $16.85. The stock has a market capitalization of $72.45 billion, a price-to-earnings ratio of 13.73 and a beta of 0.08.

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