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

Kyocera Corporation (OTCMKTS:KYOCY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $18.80, but opened at $17.50. Kyocera shares last traded at $17.55, with a volume of 7,384 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Kyocera from a “buy” rating to a “hold” rating in a research note on Monday, February 16th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Kyocera Stock Up 4.4%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.91 and a current ratio of 3.08. The firm’s 50-day moving average is $16.44 and its 200 day moving average is $15.18. The firm has a market capitalization of $24.91 billion, a PE ratio of 27.55 and a beta of 0.51.

Kyocera (OTCMKTS:KYOCY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.11 by $0.09. Kyocera had a net margin of 6.78% and a return on equity of 4.17%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.21 billion. Kyocera has set its FY 2027 guidance at 0.660-0.660 EPS. As a group, research analysts forecast that Kyocera Corporation will post 0.66 earnings per share for the current fiscal year.

Kyocera Company Profile

Kyocera Corporation (OTCMKTS: KYOCY) is a Japanese multinational manufacturer known for its development and production of advanced ceramics and diversified electronic components. Founded in 1959 by Kazuo Inamori as Kyoto Ceramic Co, Ltd., the company has grown into a broad industrial group with roots in fine ceramic materials and a long-standing emphasis on materials science and precision manufacturing. Kyocera is headquartered in Kyoto, Japan, and operates through a network of subsidiaries and business units serving global markets.

The company’s principal activities include the manufacture of fine ceramics, industrial and engineering ceramics, and a wide array of electronic components such as capacitors, connectors, and semiconductor packaging.