KDDI (OTCMKTS:KDDIY) Stock Price Down 8.4% – Here’s What Happened

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s share price traded down 8.4% during trading on Monday . The company traded as low as $14.92 and last traded at $16.25. 7,251 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 287,796 shares. The stock had previously closed at $17.74.

Analyst Ratings Changes

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

KDDI Stock Performance

The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $63.92 billion, a PE ratio of 13.33 and a beta of 0.04. The firm’s fifty day moving average price is $17.12 and its 200 day moving average price is $16.85.

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.