Kyocera (OTCMKTS:KYOCY) Lifted to “Hold” at Zacks Investment Research

Kyocera (OTCMKTS:KYOCYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Kyocera Corporation was founded in 1959 as a company specializing in the production of fine ceramic components, Kyocera has expanded its business by effectively developing and applying its ceramics technologies. The company has grown to be a world-leading manufacturer of ceramics, including custom parts and consumer products. Kyocera’s materials, components, and finished products are used in virtually all fields of industry. In addition to ceramics, products also include information, tele-communications, and Optical equipment. “

Shares of Kyocera stock traded down $0.60 on Friday, hitting $52.81. 19,927 shares of the company traded hands, compared to its average volume of 29,272. The stock’s 50 day moving average price is $55.45 and its 200-day moving average price is $59.22. The company has a current ratio of 2.77, a quick ratio of 1.90 and a debt-to-equity ratio of 0.02. Kyocera has a 52 week low of $51.82 and a 52 week high of $67.66. The company has a market cap of $19.14 billion, a PE ratio of 14.47, a PEG ratio of 1.38 and a beta of 0.48.

Kyocera (OTCMKTS:KYOCYGet Rating) last posted its quarterly earnings results on Monday, January 31st. The company reported $1.14 earnings per share for the quarter. Kyocera had a net margin of 8.17% and a return on equity of 5.39%. The firm had revenue of $4.22 billion during the quarter. As a group, research analysts anticipate that Kyocera will post 3.35 EPS for the current fiscal year.

About Kyocera (Get Rating)

Kyocera Corporation develops, produces, and distributes products based on fine ceramic technologies in Japan, rest of Asia, Europe, the United States, and internationally. Its Industrial & Automotive Components Group segment offers fine ceramic components, automotive components, liquid crystal displays, and industrial tools to the industrial machinery, automotive, general industrial, and construction markets.

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