KDDI (OTCMKTS:KDDIY) Shares Gap Up - Here's What Happened

Key Points

• Shares of KDDI gapped up to $18.00 at the open from $17.15 but were last trading around $16.98, down about 1.4% on roughly 1.97 million shares.
• Key fundamentals: market capitalization of $64.38 billion, P/E of 13.42 and debt-to-equity of 0.40, while liquidity ratios are low (quick ratio 0.54, current ratio 0.56).
• KDDI is a diversified Japanese telecommunications firm offering mobile (including the “au” brand), fixed-line, broadband and ICT services.

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $17.15, but opened at $18.00. KDDI shares last traded at $16.9750, with a volume of 1,966,139 shares trading hands.

KDDI Stock Down 1.4%

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.54 and a current ratio of 0.56. The stock has a market capitalization of $64.38 billion, a P/E ratio of 13.42 and a beta of 0.04. The company's 50-day moving average price is $16.92 and its 200 day moving average price is $16.78.

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.

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