KDDI (OTCMKTS:KDDIY) stock breaks below the 50-day moving average of $16.49


KDDI Co. (OTCMKTS:KDDIY – Get Rating) stock price fell below its 50-day moving average during Thursday’s session. The stock has a 50-day moving average of $16.49 and is trading as low as $15.89. KDDI shares last traded at $16.52, with volume of 47,937 shares changing hands.

Wall Street analysts predict growth

Separately, Citigroup upgraded KDDI from a “sell” rating to a “neutral” rating in a Monday, May 30 research report.

KDDI Stock Performance

The company has a market capitalization of $76.13 billion, a PE ratio of 12.24 and a beta of 0.04. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt ratio of 0.17. The company has a 50-day moving average of $16.49 and a 200-day moving average of $16.42.

KDDI (OTCMKTS:KDDIY – Get Rating) last released its quarterly earnings data on Friday, May 13. The company reported earnings per share of $0.23 for the quarter. KDDI had a return on equity of 12.53% and a net margin of 12.41%. The company posted revenue of $12.33 billion for the quarter. As a group, analysts expect KDDI Co. to post 1.44 earnings per share for the current year.

About KDDI

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KDDI Corporation provides telecommunications services in Japan and internationally. It operates in two segments, personal services and business services. The Personal Services segment offers smartphones, cell phones and other mobile communication services, as well as landline services under the Hikari brand; MVNO services; mobile services under the au brand; and voice communications, data transmission, FTTH services and CATV services.

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