Kyocera (OTCMKTS:KYOCY) Shares Gap Up – Here’s What Happened

Kyocera Corporation (OTCMKTS:KYOCY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $19.68, but opened at $22.11. Kyocera shares last traded at $21.8460, with a volume of 30,554 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Kyocera from a “buy” rating to a “hold” rating in a research report on Monday, February 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Kyocera Trading Up 4.9%

The company has a debt-to-equity ratio of 0.06, a current ratio of 3.08 and a quick ratio of 1.91. The company has a market cap of $30.57 billion, a price-to-earnings ratio of 33.81 and a beta of 0.51. The business has a 50 day simple moving average of $17.11 and a 200 day simple moving average of $15.77.

Kyocera (OTCMKTS:KYOCY) last announced its earnings results on Thursday, April 30th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. Kyocera had a net margin of 6.78% and a return on equity of 4.17%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.21 billion. Kyocera has set its FY 2027 guidance at 0.660-0.660 EPS. As a group, equities analysts forecast that Kyocera Corporation will post 0.66 EPS for the current 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.