KDDI (OTCMKTS:KDDIY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• KDDI Corporation experienced a significant increase in trading volume, with approximately 1,358,172 shares traded, a 425% rise from the previous session.
• Zacks Research downgraded KDDI from a "hold" rating to a "strong sell" rating, contributing to the overall average rating of "sell" for the stock.
• KDDI reported a quarterly earnings miss with EPS of $0.30, falling short of the estimated $0.33, and revenue of $9.54 billion compared to expectations of $9.99 billion.

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 1,358,172 shares changed hands during mid-day trading, an increase of 425% from the previous session's volume of 258,903 shares.The stock last traded at $15.51 and had previously closed at $15.51.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded KDDI from a "hold" rating to a "strong sell" rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".

KDDI Stock Performance

The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a 50 day simple moving average of $16.84 and a 200-day simple moving average of $16.96. The stock has a market capitalization of $64.87 billion, a price-to-earnings ratio of 15.34 and a beta of 0.06.

KDDI (OTCMKTS:KDDIY - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.03). The business had revenue of $9.54 billion during the quarter, compared to analysts' expectations of $9.99 billion. As a group, equities research analysts expect that KDDI Corporation Unsponsored ADR will post 1.11 EPS for the current fiscal year.

About KDDI

KDDI Corporation provides telecommunications services in Japan and internationally. It operates in two segments, Personal Services and Business Services. The Personal Services segment offers telecommunication services and other services such as finance, energy, and LX through its multi-brands au, UQ mobile, and povo.

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