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

Key Points

• KDDI shares gapped down from a previous close of $15.70 to open at $12.95, indicating significant volatility ahead of the market opening.
• Zacks Research has downgraded KDDI from a "strong-buy" to a "hold" rating, reflecting a cautious outlook from analysts.
• The company reported a quarterly EPS of $0.30, missing expectations of $0.33, alongside revenues of $9.54 billion against forecasts of $9.99 billion.

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $15.70, but opened at $12.95. KDDI shares last traded at $15.68, with a volume of 190,966 shares.

Analyst Upgrades and Downgrades

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

KDDI Price Performance

The stock has a market capitalization of $64.74 billion, a price-to-earnings ratio of 15.31 and a beta of 0.06. The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 0.39. The stock has a 50-day simple moving average of $16.95 and a 200 day simple moving average of $16.98.

KDDI (OTCMKTS:KDDIY - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates 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. On average, equities research 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.

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