KDDI (OTCMKTS:KDDIY) Stock Passes Below Fifty Day Moving Average – What’s Next?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.63 and traded as low as $16.38. KDDI shares last traded at $16.38, with a volume of 405,555 shares traded.

KDDI Price Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.54 and a current ratio of 0.56. The firm has a market cap of $62.36 billion, a price-to-earnings ratio of 13.21 and a beta of 0.05. The company’s fifty day moving average is $16.63 and its two-hundred day moving average is $16.91.

KDDI (OTCMKTS:KDDIY) last posted its earnings results on Tuesday, May 12th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.63). The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $10.31 billion. Equities research analysts forecast that KDDI Corporation Unsponsored ADR will post 1.27 EPS for the current year.

About KDDI

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.