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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped up before the market opened on Friday . The stock had previously closed at $16.12, but opened at $17.19. KDDI shares last traded at $17.18, with a volume of 30,581 shares trading hands.

KDDI Stock Up 2.4%

The stock has a market cap of $65.31 billion, a price-to-earnings ratio of 13.62 and a beta of 0.03. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average of $16.57 and a two-hundred day moving average of $16.86.

KDDI (OTCMKTS:KDDIY) last issued its earnings results 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 company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $10.31 billion. As a group, 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.