Kyocera (OTCMKTS:KYOCY) Trading Down 2.3% - Here's Why

Shares of Kyocera Corporation (OTCMKTS:KYOCY - Get Free Report) traded down 2.3% during trading on Tuesday . The stock traded as low as $10.72 and last traded at $10.74. 53,251 shares were traded during trading, a decline of 23% from the average session volume of 69,243 shares. The stock had previously closed at $10.99.

Wall Street Analysts Forecast Growth

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

Kyocera Stock Down 0.4%

The company's 50-day simple moving average is $11.80 and its 200 day simple moving average is $11.41. The firm has a market cap of $15.17 billion, a P/E ratio of 89.75 and a beta of 0.32. 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 posted its earnings results 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 for the quarter, compared to analysts' expectations of $515.77 billion. Kyocera had a net margin of 1.15% and a return on equity of 0.71%. Research analysts anticipate 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.