Kyocera (OTCMKTS:KYOCY) Shares Gap Down - Time to Sell?

Key Points

• Kyocera's stock price gapped down from $14.21 to $13.53 at market opening on Thursday, with a trading volume of 8,625 shares.
• Analysts have mixed ratings on Kyocera, with Zacks upgrading it to a "strong-buy" and Wall Street Zen changing its rating from "sell" to "hold".
• The company's recent earnings report showed an EPS of $0.18, exceeding estimates, although revenue fell short of expectations at $3.21 billion compared to the consensus of $3.30 billion.

Kyocera Corporation (OTCMKTS:KYOCY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $14.21, but opened at $13.53. Kyocera shares last traded at $13.53, with a volume of 8,625 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Kyocera from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has an average rating of "Strong Buy".

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 cap of $19.62 billion, a price-to-earnings ratio of 107.15 and a beta of 0.31. The company has a 50 day moving average of $12.69 and a 200 day moving average of $12.07.

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