NTT (OTCMKTS:NTTYY) Hits New 12-Month Low – Here’s What Happened

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $22.69 and last traded at $22.81, with a volume of 18824 shares traded. The stock had previously closed at $23.0950.

Analyst Ratings Changes

Separately, Zacks Research raised shares of NTT to a “hold” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

NTT Stock Performance

The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.48 and a current ratio of 0.51. The stock has a fifty day simple moving average of $23.84 and a two-hundred day simple moving average of $24.47. The stock has a market cap of $74.40 billion, a PE ratio of 10.84 and a beta of 0.03.

NTT (OTCMKTS:NTTYY) last posted its earnings results on Friday, May 8th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. NTT had a net margin of 7.26% and a return on equity of 10.39%. The business had revenue of $25.46 billion for the quarter, compared to analysts’ expectations of $24.01 billion. Equities analysts anticipate that NTT Inc. – Sponsored ADR will post 1.76 EPS for the current fiscal year.

NTT Company Profile

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Established as a state-owned entity in 1952 and privatized in 1985, NTT provides a broad array of network services and IT solutions. The company’s core offerings include fixed‐line and mobile communications, high‐speed internet services, and network management for enterprise and consumer customers.

NTT’s business operations are organized across several key subsidiaries.