NTT (OTCMKTS:NTTYY) Stock Price Down 0.8% – Here’s Why

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) traded down 0.8% during trading on Friday . The stock traded as low as $25.97 and last traded at $25.99. 161,759 shares changed hands during mid-day trading, an increase of 90% from the average session volume of 85,065 shares. The stock had previously closed at $26.19.

Wall Street Analyst Weigh In

Separately, CLSA raised shares of NTT to a “hold” rating in a report on Friday, May 30th.

NTT Stock Down 0.8%

The company’s fifty day moving average price is $26.64 and its 200 day moving average price is $25.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.94 and a quick ratio of 0.88.

NTT (OTCMKTS:NTTYY) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.16). The firm had revenue of $25.20 billion during the quarter, compared to the consensus estimate of $23.93 billion. NTT had a net margin of 7.30% and a return on equity of 8.93%.

About NTT

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.