KDDI (OTCMKTS:KDDIY) Shares Gap Down – Time to Sell?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped down before the market opened on Friday . The stock had previously closed at $17.58, but opened at $15.40. KDDI shares last traded at $15.8650, with a volume of 44,467 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of KDDI from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

KDDI Trading Down 11.4%

The stock has a 50-day moving average price of $17.15 and a two-hundred day moving average price of $16.86. The stock has a market capitalization of $59.81 billion, a PE ratio of 12.47 and a beta of 0.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.54 and a current ratio of 0.56.

KDDI (OTCMKTS:KDDIY) last released its earnings results on Thursday, November 6th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $9.90 billion for the quarter, compared to the consensus estimate of $10.40 billion. As a group, equities analysts forecast that KDDI Corporation Unsponsored ADR will post 1.11 earnings per share for the current 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.