Kyocera (OTCMKTS:KYOCY) Shares Gap Down – What’s Next?

Kyocera Corporation (OTCMKTS:KYOCY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $14.3876, but opened at $14.01. Kyocera shares last traded at $14.01, with a volume of 134 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Kyocera from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Kyocera Stock Performance

The stock has a market cap of $20.39 billion, a price-to-earnings ratio of 65.80 and a beta of 0.30. The company has a current ratio of 3.20, a quick ratio of 2.14 and a debt-to-equity ratio of 0.06. The stock’s 50-day simple moving average is $13.74 and its 200-day simple moving average is $13.15.

Kyocera (OTCMKTS:KYOCY) last issued its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Kyocera had a return on equity of 1.37% and a net margin of 2.25%.The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. Analysts forecast that Kyocera Corporation will post 0.32 earnings per share for the current fiscal year.

About Kyocera

Kyocera Corporation (OTCMKTS: KYOCY) is a Japanese multinational manufacturer known for its development and production of advanced ceramics and diversified electronic components. Founded in 1959 by Kazuo Inamori as Kyoto Ceramic Co, Ltd., the company has grown into a broad industrial group with roots in fine ceramic materials and a long-standing emphasis on materials science and precision manufacturing. Kyocera is headquartered in Kyoto, Japan, and operates through a network of subsidiaries and business units serving global markets.

The company’s principal activities include the manufacture of fine ceramics, industrial and engineering ceramics, and a wide array of electronic components such as capacitors, connectors, and semiconductor packaging.