Kyocera (OTCMKTS:KYOCY) Shares Up 0.6% - Here's What Happened

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) was up 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 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

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

Kyocera Trading Down 0.4%

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 market cap of $19.99 billion, a P/E ratio of 109.15 and a beta of 0.31. The firm's 50 day moving average is $12.69 and its two-hundred day moving average is $12.07.

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, topping the consensus estimate of $0.13 by $0.05. The company had revenue of $3.21 billion for the quarter, compared to analysts' expectations of $3.30 billion. Kyocera had a net margin of 1.30% and a return on equity of 0.80%. As a group, equities research analysts anticipate 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.