Kyocera (OTCMKTS:KYOCY) Trading Down 2.3% - What's Next?

Key Points

• Kyocera's stock (OTCMKTS:KYOCY) declined by 2.3% during mid-day trading, reaching a price of $13.46, with trading volume down 31% from the average.
• Zacks Research upgraded Kyocera's rating from a "hold" to a "strong-buy", contributing to an average rating of "Strong Buy" from analysts.
• In its latest earnings report, Kyocera posted an EPS of $0.18, exceeding expectations, but reported revenue of $3.21 billion, falling short of the anticipated $3.30 billion.

Kyocera Corporation (OTCMKTS:KYOCY - Get Free Report) was down 2.3% during mid-day trading on Tuesday . The stock traded as low as $13.46 and last traded at $13.46. Approximately 10,131 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 14,759 shares. The stock had previously closed at $13.77.

Analysts Set New Price Targets

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

Kyocera Stock Performance

The stock has a 50 day simple moving average of $13.35 and a two-hundred day simple moving average of $12.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.92 and a quick ratio of 1.86. The company has a market capitalization of $18.96 billion, a price-to-earnings ratio of 103.54 and a beta of 0.33.

Kyocera (OTCMKTS:KYOCY - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.05. Kyocera had a return on equity of 0.80% and a net margin of 1.30%.The business had revenue of $3.21 billion for the quarter, compared to analysts' expectations of $3.30 billion. As a group, analysts anticipate that Kyocera Corporation will post 0.32 earnings per share for the current year.

About Kyocera

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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