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

Key Points

• Kyocera's share price fell from $13.68 to $13.18 at the market open, before last trading at $13.77.
• Recent analyst reports have upgraded Kyocera's rating, with Zacks Research raising it to a "strong-buy" and Wall Street Zen moving from a "sell" to a "hold".
• Kyocera's quarterly earnings exceeded expectations with an EPS of $0.18, though revenue of $3.21 billion fell short of the $3.30 billion estimate.

Shares of Kyocera Corporation (OTCMKTS:KYOCY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $13.68, but opened at $13.18. Kyocera shares last traded at $13.77, with a volume of 733 shares.

Wall Street Analysts Forecast Growth

KYOCY has been the topic of several research analyst reports. Wall Street Zen upgraded Kyocera from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Zacks Research upgraded Kyocera from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Strong Buy".

Kyocera Stock Performance

The stock has a market capitalization of $19.69 billion, a price-to-earnings ratio of 107.54 and a beta of 0.31. The firm has a fifty day moving average of $12.40 and a 200 day moving average of $11.98. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.92 and a quick ratio of 1.86.

Kyocera (OTCMKTS:KYOCY - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $3.21 billion for the quarter, compared to analysts' expectations of $3.30 billion. On average, sell-side analysts anticipate that Kyocera Corporation will post 0.32 earnings per share 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.