KDDI (OTCMKTS:KDDIY) Shares Gap Down - Should You Sell?

Key Points

• KDDI Corporation's shares shed value, gapping down from a previous close of $16.70 to an opening price of $15.53, with the last trade at $16.49.
• Zacks Research downgraded KDDI from a "strong-buy" rating to a "hold" rating, contributing to an average rating of "Hold" from analysts.
• The company's quarterly earnings report showed a miss on expected earnings, posting $0.30 per share against an estimate of $0.33, alongside revenues of $9.54 billion compared to the anticipated $9.99 billion.

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $16.70, but opened at $15.53. KDDI shares last traded at $16.49, with a volume of 31,643 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of KDDI from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".

KDDI Stock Down 0.9%

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's 50-day moving average is $17.08 and its two-hundred day moving average is $17.00. The stock has a market cap of $69.29 billion, a P/E ratio of 16.38 and a beta of 0.12.

KDDI (OTCMKTS:KDDIY - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). KDDI had a return on equity of 10.87% and a net margin of 10.71%.The company had revenue of $9.54 billion during the quarter, compared to the consensus estimate of $9.99 billion. On average, equities research analysts anticipate that KDDI Corporation Unsponsored ADR will post 1.11 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.