Kyocera (OTCMKTS:KYOCY) Sees Large Volume Increase – Should You Buy?

Shares of Kyocera Corporation (OTCMKTS:KYOCY) saw unusually-strong trading volume on Tuesday . Approximately 67,762 shares were traded during trading, an increase of 53% from the previous session’s volume of 44,317 shares.The stock last traded at $13.63 and had previously closed at $13.6540.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Kyocera from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Kyocera Price Performance

The firm has a market capitalization of $19.18 billion, a P/E ratio of 104.71 and a beta of 0.32. The company has a current ratio of 3.10, a quick ratio of 2.11 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $13.47 and a 200-day moving average price of $12.73.

Kyocera (OTCMKTS:KYOCY) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. Kyocera had a return on equity of 0.79% and a net margin of 1.30%. On average, analysts expect that Kyocera Corporation will post 0.32 earnings per share for the current year.

Kyocera Company Profile

Kyocera Corporation develops, produces, and distributes products based on fine ceramic technologies in Japan, rest of Asia, Europe, the United States, and internationally. It operates through Core Components Business, Electronic Components Business, and Solutions Business segments. The Core Components Business segment offers components, such as fine ceramic components for semiconductor processing equipment, automotive camera modules, and ceramic packages, as well as organic packages and boards to protect electronic components and ICs to industrial machinery, automotive-related, and the information and communication-related markets; optical components, and jewelry and applied ceramic related products; and medical devices comprising prosthetic joints and dental implants.