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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $16.94, but opened at $16.27. KDDI shares last traded at $16.93, with a volume of 3,388 shares changing hands.

KDDI Price Performance

The stock has a fifty day simple moving average of $16.65 and a two-hundred day simple moving average of $16.90. The company has a market cap of $68.05 billion, a PE ratio of 13.69 and a beta of 0.05. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.63). The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $10.31 billion. On average, equities 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.