KDDI (OTCMKTS:KDDIY) Shares Gap Down – Here’s Why

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $17.06, but opened at $16.33. KDDI shares last traded at $17.03, with a volume of 15,996 shares.

KDDI Stock Performance

The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 0.40. The company has a market cap of $68.41 billion, a PE ratio of 13.77 and a beta of 0.05. The business’s fifty day moving average is $16.64 and its 200-day moving average is $16.91.

KDDI (OTCMKTS:KDDIY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.27 earnings per share (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 the consensus estimate of $10.31 billion. As a group, research analysts predict that KDDI Corporation Unsponsored ADR will post 1.27 EPS for the current fiscal year.

KDDI Company Profile

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.