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Kyocera (OTCMKTS:KYOCY) Shares Gap Down - Here's What Happened

Kyocera logo with Computer and Technology background

Shares of Kyocera Corporation (OTCMKTS:KYOCY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $11.30, but opened at $10.80. Kyocera shares last traded at $11.08, with a volume of 3,865 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Kyocera from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

Check Out Our Latest Research Report on KYOCY

Kyocera Trading Down 1.7%

The stock has a market capitalization of $15.65 billion, a P/E ratio of 92.58 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 stock's 50 day moving average price is $11.94 and its 200-day moving average price is $11.36.

Kyocera (OTCMKTS:KYOCY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The business had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $515.77 billion. Kyocera had a return on equity of 0.71% and a net margin of 1.15%. As a group, equities research analysts expect that Kyocera Corporation will post 0.32 earnings per share for the current year.

Kyocera Company Profile

(Get Free Report)

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.

Further Reading

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