Kyocera (OTCMKTS:KYOCY) Sets New 12-Month High - Still a 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 during trading on Wednesday . The company 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.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Zacks Research upgraded shares of Kyocera from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 18th. Wall Street Zen upgraded shares of Kyocera from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Strong Buy".

Kyocera Trading Up 1.4%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.86 and a current ratio of 2.92. The stock's 50-day simple moving average is $11.87 and its 200-day simple moving average is $11.75. The firm has a market capitalization of $18.90 billion, a PE ratio of 103.23 and a beta of 0.32.

Kyocera (OTCMKTS:KYOCY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.05. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.30 billion. Kyocera had a net margin of 1.30% and a return on equity of 0.80%. As a group, sell-side analysts expect that Kyocera Corporation will post 0.32 EPS for the current fiscal 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.