Kyocera (OTCMKTS:KYOCY) Trading 5.7% Higher – Here’s What Happened

Kyocera Corporation (OTCMKTS:KYOCY) was up 5.7% on Wednesday . The stock traded as high as $24.55 and last traded at $24.46. Approximately 22,946 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 61,653 shares. The stock had previously closed at $23.15.

Analyst Upgrades and Downgrades

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

Kyocera Price Performance

The firm has a market capitalization of $32.56 billion, a PE ratio of 36.01 and a beta of 0.56. The stock has a 50-day moving average price of $17.40 and a 200 day moving average price of $15.90. The company has a quick ratio of 1.91, a current ratio of 3.08 and a debt-to-equity ratio of 0.06.

Kyocera (OTCMKTS:KYOCY) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Kyocera had a return on equity of 4.17% and a net margin of 6.78%.Kyocera has set its FY 2027 guidance at 0.660-0.660 EPS. Equities analysts forecast that Kyocera Corporation will post 0.66 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.