Kyocera (OTCMKTS:KYOCY) Shares Gap Down – Here’s Why

Kyocera Corporation (OTCMKTS:KYOCY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $13.64, but opened at $13.19. Kyocera shares last traded at $13.59, with a volume of 2,805 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Kyocera from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Kyocera Stock Up 0.3%

The stock has a fifty day moving average price of $13.47 and a 200-day moving average price of $12.74. The firm has a market cap of $19.27 billion, a PE ratio of 62.18 and a beta of 0.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.11 and a current ratio of 3.20.

Kyocera (OTCMKTS:KYOCY) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. Kyocera had a net margin of 2.25% and a return on equity of 1.37%. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. Research analysts expect that Kyocera Corporation will post 0.32 EPS 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.