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

Key Points

• KDDI Corporation's shares gapped down from $16.74 to $16.34 before the market opened, with the latest trading price being $16.86.
• Analysts have downgraded KDDI from a "strong-buy" to a "hold" rating, with a current consensus rating of "hold" according to MarketBeat.
• The company reported Q2 earnings of $0.30 per share, falling short of the expected $0.33, and had a revenue of $9.54 billion, below the projected $9.99 billion.

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $16.74, but opened at $16.34. KDDI shares last traded at $16.86, with a volume of 3,098 shares traded.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of KDDI from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

KDDI Price Performance

The stock's fifty day moving average price is $17.06 and its 200-day moving average price is $16.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.57 and a current ratio of 0.58. The firm has a market cap of $71.07 billion, a PE ratio of 16.80 and a beta of 0.12.

KDDI (OTCMKTS:KDDIY - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). The company had revenue of $9.54 billion during the quarter, compared to analysts' expectations of $9.99 billion. KDDI had a net margin of 10.71% and a return on equity of 10.87%. As a group, equities analysts forecast 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.