Kyocera (OTCMKTS:KYOCY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Kyocera Corporation (OTCMKTS:KYOCY) saw strong trading volume on Tuesday . 32,366 shares changed hands during 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.

Wall Street Analyst Weigh In

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

Kyocera Stock Performance

The firm has a market cap of $20.24 billion, a price-to-earnings ratio of 65.32 and a beta of 0.30. The stock has a 50-day moving average of $13.85 and a 200-day moving average of $13.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.14 and a current ratio of 3.20.

Kyocera (OTCMKTS:KYOCY) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.34 billion. As a group, analysts anticipate that Kyocera Corporation will post 0.32 EPS for the current fiscal year.

Kyocera Company Profile

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.