NTT (OTCMKTS:NTTYY) Shares Gap Down – Here’s Why

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $24.3550, but opened at $23.65. NTT shares last traded at $24.2050, with a volume of 3,969 shares traded.

NTT Price Performance

The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.84 and a current ratio of 0.89. The firm has a fifty day simple moving average of $25.72 and a two-hundred day simple moving average of $26.31. The firm has a market cap of $83.91 billion, a PE ratio of 12.43 and a beta of 0.18.

NTT (OTCMKTS:NTTYY) last announced its earnings results on Tuesday, November 4th. The company reported $0.69 EPS for the quarter, meeting analysts’ consensus estimates of $0.69. NTT had a net margin of 7.20% and a return on equity of 9.02%. The business had revenue of $22.78 billion for the quarter, compared to analysts’ expectations of $23.48 billion.

NTT Company Profile

Nippon Telegraph and Telephone Corporation operates as a telecommunications company in Japan and internationally. It operates through Integrated ICT Business, Regional Communications Business, Global Solutions Business, and Others segments. The Integrated ICT Business segment offers mobile phone, domestic inter-prefectural communications, international communications, solutions, and system development and related services.