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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s share price gapped up prior to trading 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 traded.

KDDI Stock Up 2.4%

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’s 50-day moving average is $16.57 and its 200 day moving average is $16.86. The firm has a market capitalization of $65.31 billion, a PE ratio of 13.62 and a beta of 0.03.

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. As a group, research analysts forecast that KDDI Corporation Unsponsored ADR will post 1.27 earnings per share 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.