Kyocera (OTCMKTS:KYOCY) Sees Strong Trading Volume – Time to Buy?

by · The Cerbat Gem

Kyocera Corporation (OTCMKTS:KYOCY – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 32,366 shares were traded during mid-day trading, an increase of 49% from the previous session’s volume of 21,677 shares.The stock last traded at $14.3885 and had previously closed at $14.56.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on Kyocera

Kyocera Stock Performance

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 company has a market capitalization of $20.24 billion, a price-to-earnings ratio of 65.32 and a beta of 0.30. The firm has a 50-day simple moving average of $13.77 and a two-hundred day simple moving average of $13.18.

Kyocera (OTCMKTS:KYOCY – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. Kyocera had a net margin of 2.25% and a return on equity of 1.37%. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. On average, sell-side analysts anticipate that Kyocera Corporation will post 0.32 EPS for the current fiscal year.

Kyocera Company Profile

(Get Free Report)

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.

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