Kyocera (OTCMKTS:KYOCY) Shares Gap Down - Should You Sell?

Key Points

• Kyocera shares gapped down from $13.42 to $12.82 prior to trading, currently trading at $13.13 with a volume of 314 shares.
• Analysts have upgraded Kyocera, with Wall Street Zen rating it as a "hold" and Zacks Research upgrading it to a "strong-buy," reflecting a positive outlook for the stock.
• Despite a quarterly earnings report where Kyocera beat EPS expectations, revenues fell short of estimates, with a net margin of 1.30% and a return on equity of 0.80%.

Kyocera Corporation (OTCMKTS:KYOCY - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $13.42, but opened at $12.82. Kyocera shares last traded at $13.13, with a volume of 314 shares traded.

Analyst Ratings Changes

KYOCY has been the topic of several analyst reports. Zacks Research raised Kyocera from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 18th. Wall Street Zen raised Kyocera from a "sell" rating to a "hold" rating in a 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 presently has a consensus rating of "Strong Buy".

Kyocera Price Performance

The stock has a 50-day simple moving average of $11.96 and a 200 day simple moving average of $11.79. 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 stock has a market capitalization of $18.83 billion, a price-to-earnings ratio of 102.85 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 for the quarter, beating analysts' consensus estimates of $0.13 by $0.05. Kyocera had a return on equity of 0.80% and a net margin of 1.30%.The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.30 billion. On average, equities research analysts forecast 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.