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

Kyocera Corporation (OTCMKTS:KYOCY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $11.58, but opened at $11.21. Kyocera shares last traded at $11.59, with a volume of 3,333 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Kyocera from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

Kyocera Price Performance

The company has a current ratio of 2.92, a quick ratio of 1.86 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $16.31 billion, a price-to-earnings ratio of 96.50 and a beta of 0.33. The company’s 50 day moving average is $11.96 and its 200-day moving average is $11.24.

Kyocera (OTCMKTS:KYOCY) last issued its earnings results on Wednesday, May 14th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). Kyocera had a return on equity of 0.71% and a net margin of 1.15%. The business had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $515.77 billion. Equities research analysts anticipate that Kyocera Corporation will post 0.32 earnings per share for the current year.

About Kyocera

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.