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

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) 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 trading hands.

KDDI Stock Down 0.1%

The firm’s 50 day moving average is $16.66 and its two-hundred day moving average is $16.91. The stock has a market cap of $67.80 billion, a price-to-earnings ratio of 13.64 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 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 analysts’ expectations of $10.31 billion. On average, sell-side analysts predict 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.