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

Kyocera Corporation (OTCMKTS:KYOCY) shares gapped down before the market opened on Friday . The stock had previously closed at $14.0080, but opened at $13.30. Kyocera shares last traded at $13.34, with a volume of 3,224 shares.

Wall Street Analyst Weigh In

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

Kyocera Trading Down 5.1%

The stock has a market cap of $18.73 billion, a P/E ratio of 102.28 and a beta of 0.33. The firm’s fifty day moving average price is $13.64 and its two-hundred day moving average price is $12.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.10 and a quick ratio of 2.11.

Kyocera (OTCMKTS:KYOCY) last posted its earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Kyocera had a return on equity of 0.79% and a net margin of 1.30%.The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. As a group, equities research analysts forecast that Kyocera Corporation will post 0.32 EPS for the current 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.