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

Kyocera Corporation (OTCMKTS:KYOCY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $13.21, but opened at $13.7250. Kyocera shares last traded at $13.7250, with a volume of 401 shares trading hands.

Wall Street Analysts Forecast Growth

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

Kyocera Price Performance

The company has a fifty day moving average of $13.62 and a 200 day moving average of $12.62. The firm has a market capitalization of $19.33 billion, a P/E ratio of 105.58 and a beta of 0.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.10 and a quick ratio of 2.11.

Kyocera (OTCMKTS:KYOCY) last released its quarterly earnings data 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. Kyocera had a net margin of 1.30% and a return on equity of 0.79%. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. Sell-side analysts predict 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.