Kyocera (OTCMKTS:KYOCY) Reaches New 12-Month High - Should You Buy?

Key Points

• Kyocera Corporation's share price reached a new 52-week high of $13.20, reflecting a strong trading volume despite the overall low volume of 100 shares.
• Zacks Research upgraded Kyocera from a "hold" to a "strong-buy" rating, indicating increased confidence in the company's future performance among analysts.
• In its latest quarterly earnings, Kyocera reported $0.18 EPS, surpassing expectations, but revenue fell short of estimates at $3.21 billion.

Kyocera Corporation (OTCMKTS:KYOCY - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $13.20 and last traded at $13.20, with a volume of 100 shares changing hands. The stock had previously closed at $13.04.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Zacks Research upgraded Kyocera from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. Wall Street Zen raised Kyocera from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Strong Buy".

Kyocera Stock Performance

The stock has a market cap of $18.62 billion, a PE ratio of 101.68 and a beta of 0.32. The company has a quick ratio of 1.86, a current ratio of 2.92 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $11.87 and a 200 day moving average price of $11.75.

Kyocera (OTCMKTS:KYOCY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.30 billion. Kyocera had a return on equity of 0.80% and a net margin of 1.30%. As a group, research analysts forecast 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.