Kyocera (OTCMKTS:KYOCY) Trading Down 2.3% – What’s Next?

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Kyocera from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd.

Kyocera Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.86 and a current ratio of 2.92. The company has a 50-day moving average of $11.86 and a 200-day moving average of $11.40. The firm has a market capitalization of $15.13 billion, a price-to-earnings ratio of 89.50 and a beta of 0.32.

Kyocera (OTCMKTS:KYOCY) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $515.77 billion. Kyocera had a return on equity of 0.71% and a net margin of 1.15%. As a group, research analysts anticipate that Kyocera Corporation will post 0.32 EPS for the current fiscal 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.