KDDI (OTCMKTS:KDDIY) Stock Passes Below 50-Day Moving Average – Here’s What Happened

KDDI Co. (OTCMKTS:KDDIY) crossed 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 trading hands.

Analyst Upgrades and Downgrades

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

KDDI Price Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.62 and a current ratio of 0.63. The company has a 50-day moving average of $16.05 and a 200-day moving average of $15.60. The stock has a market capitalization of $69.79 billion, a price-to-earnings ratio of 15.92 and a beta of 0.08.

KDDI (OTCMKTS:KDDIY) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.29 EPS for the quarter. The business had revenue of $9.86 billion during the quarter. KDDI had a net margin of 10.62% and a return on equity of 10.70%. As a group, equities research analysts expect that KDDI Co. will post 1.11 earnings per share for the current fiscal year.

KDDI Company Profile

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.