KDDI (OTCMKTS:KDDIY) Stock Crosses Below 50 Day Moving Average – Here’s Why

KDDI Co. (OTCMKTS:KDDIY) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $16.05 and traded as low as $15.86. KDDI shares last traded at $15.92, with a volume of 165,329 shares.

Analyst Ratings Changes

Separately, New Street Research upgraded KDDI to a “strong-buy” rating in a report on Monday, September 9th.

KDDI Stock Performance

The company has a quick ratio of 0.62, a current ratio of 0.63 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $16.06 and a 200-day moving average of $15.63. The company has a market cap of $69.79 billion, a P/E ratio of 15.92 and a beta of 0.08.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.29 earnings per share (EPS) for the quarter. The business had revenue of $9.86 billion for the quarter. KDDI had a return on equity of 10.70% and a net margin of 10.62%. As a group, sell-side analysts anticipate that KDDI Co. 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.