Kyocera (OTCMKTS:KYOCY) Sets New 1-Year High - Time to Buy?

Key Points

• Kyocera Corporation's shares reached a new 52-week high of $14.24, demonstrating strong trading activity with 2,628 shares exchanged.
• Recent analyst upgrades included Zacks Research moving Kyocera's rating from "hold" to "strong-buy", contributing to a current average rating of "Strong Buy" for the stock.
• In its latest earnings report, Kyocera posted an EPS of $0.18, surpassing analyst expectations of $0.13, despite a revenue figure slightly below estimates at $3.21 billion.

Shares of Kyocera Corporation (OTCMKTS:KYOCY - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $14.24 and last traded at $14.24, with a volume of 2628 shares trading hands. The stock had previously closed at $14.12.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Kyocera from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Strong Buy".

Kyocera Stock Down 0.4%

The company has a market capitalization of $19.99 billion, a P/E ratio of 109.15 and a beta of 0.31. The firm has a 50-day moving average price of $12.69 and a two-hundred day moving average price of $12.07. The company has a quick ratio of 1.86, a current ratio of 2.92 and a debt-to-equity ratio of 0.06.

Kyocera (OTCMKTS:KYOCY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. The firm had revenue of $3.21 billion during the quarter, compared to analysts' expectations of $3.30 billion. Kyocera had a return on equity of 0.80% and a net margin of 1.30%. Equities research analysts anticipate that Kyocera Corporation will post 0.32 EPS for the current fiscal 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.