NTT Docomo Inc. (DCM) Shares Gap Down to $25.07
Shares of NTT Docomo Inc. (NYSE:DCM) gapped down before the market opened on Wednesday . The stock had previously closed at $24.94, but opened at $25.07. NTT Docomo shares last traded at $25.44, with a volume of 79,500 shares traded.
Separately, Zacks Investment Research cut NTT Docomo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 14th.
The stock’s 50 day moving average is $25.96 and its 200 day moving average is $25.37. The company has a market capitalization of $96.09 billion, a P/E ratio of 17.29 and a beta of 0.11.
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A number of institutional investors have recently modified their holdings of DCM. IFP Advisors Inc increased its position in NTT Docomo by 11.7% in the first quarter. IFP Advisors Inc now owns 6,161 shares of the company’s stock valued at $140,000 after buying an additional 647 shares during the last quarter. Advisor Group Inc. bought a new position in NTT Docomo during the second quarter valued at $169,000. M&T Bank Corp bought a new position in NTT Docomo during the second quarter valued at $215,000. Cubist Systematic Strategies LLC bought a new position in NTT Docomo during the second quarter valued at $218,000. Finally, Probity Advisors Inc. bought a new position in NTT Docomo during the second quarter valued at $224,000. 0.52% of the stock is owned by hedge funds and other institutional investors.
NTT Docomo Company Profile
NTT DOCOMO, INC. (DOCOMO) is a mobile telecommunications carrier. The Company operates through three segments: telecommunications business, smart life business and other businesses. Its telecommunications business includes those from mobile phone services, optical-fiber broadband service, satellite mobile communications services, international services and equipment sales related to these services.
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