Kyocera (OTCMKTS:KYOCY) Stock Price Up 0.6% - Here's Why

Key Points

• Kyocera Corporation's stock price increased by 0.6%, reaching a last trade price of $13.98, with trading volume significantly up by 73% from the average daily volume.
• The company's recent earnings report showed earnings per share of $0.18, surpassing estimates, although revenue fell short of expectations at $3.21 billion.
• Analysts have mostly upgraded Kyocera's ratings, with a consensus rating now being "Strong Buy", reflecting positive market sentiment regarding the company's outlook.

Kyocera Corporation (OTCMKTS:KYOCY - Get Free Report)'s stock price rose 0.6% on Monday . The company traded as high as $13.99 and last traded at $13.98. Approximately 27,620 shares changed hands during mid-day trading, an increase of 73% from the average daily volume of 15,978 shares. The stock had previously closed at $13.89.

Analyst Upgrades and Downgrades

KYOCY has been the subject of a number of recent research reports. Wall Street Zen upgraded Kyocera from a "sell" rating to a "hold" rating in a research report 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 research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Kyocera has a consensus rating of "Strong Buy".

Kyocera Stock Up 0.6%

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 company has a 50-day simple moving average of $12.45 and a two-hundred day simple moving average of $12.00. The stock has a market cap of $19.69 billion, a P/E ratio of 107.54 and a beta of 0.31.

Kyocera (OTCMKTS:KYOCY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.30 billion. Kyocera had a return on equity of 0.80% and a net margin of 1.30%. On average, equities analysts forecast that Kyocera Corporation will post 0.32 EPS for the current 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.

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