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

Kyocera Corporation (OTCMKTS:KYOCY)’s share price gapped up before the market opened 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.

Analysts Set New Price Targets

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 MarketBeat.com, Kyocera presently has a consensus rating of “Hold”.

Kyocera Trading Up 4.9%

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

Kyocera (OTCMKTS:KYOCY) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.11 by $0.09. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates 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. As a group, research analysts anticipate 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.