Kyocera (OTCMKTS:KYOCY) Stock Price Up 5.7% – Here’s Why

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

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Kyocera from a “buy” rating to a “hold” rating in a report on Monday, February 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Kyocera has a consensus rating of “Hold”.

Kyocera Trading Up 1.1%

The stock has a market cap of $33.18 billion, a price-to-earnings ratio of 36.70 and a beta of 0.56. The firm’s 50 day moving average is $17.93 and its two-hundred day moving average is $16.13. 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 issued its quarterly earnings results on Thursday, April 30th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.21 billion. Kyocera had a net margin of 6.78% and a return on equity of 4.17%. Kyocera has set its FY 2027 guidance at 0.660-0.660 EPS. Equities 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.