Kyocera (OTCMKTS:KYOCY) Shares Gap Down – Time to Sell?

Kyocera Corporation (OTCMKTS:KYOCY)’s stock price gapped down before the market opened 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 trading hands.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Kyocera from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Kyocera Trading Up 2.3%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.14 and a current ratio of 3.20. The stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of 65.73 and a beta of 0.30. The company’s 50 day moving average is $13.72 and its 200 day moving average is $13.12.

Kyocera (OTCMKTS:KYOCY) last released its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Kyocera had a net margin of 2.25% and a return on equity of 1.37%. On average, research analysts forecast that Kyocera Corporation will post 0.32 EPS 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.