KDDI (OTCMKTS:KDDIY) Shares Pass Below 50 Day Moving Average - Here's What Happened

Key Points

• KDDI Corporation shares have dropped below their 50-day moving average of $16.83, reaching a low of $16.41 during trading.
• The company's current stock price is $16.46, with a market capitalization of approximately $68.93 billion and a price-to-earnings ratio of 16.30.
• KDDI provides telecommunications services in Japan and internationally, operating through various segments including Personal and Business Services.

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $16.83 and traded as low as $16.41. KDDI shares last traded at $16.46, with a volume of 120,656 shares trading hands.

KDDI Trading Down 1.4%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.58 and a current ratio of 0.60. The firm has a market cap of $68.99 billion, a P/E ratio of 16.31 and a beta of 0.07. The company has a 50 day moving average of $16.79 and a 200 day moving average of $16.74.

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