Kyocera (OTCMKTS:KYOCY) Sees Large Volume Increase – Time to Buy?

Kyocera Corporation (OTCMKTS:KYOCY) saw unusually-strong trading volume on Friday . Approximately 112,470 shares traded hands during mid-day trading, an increase of 112% from the previous session’s volume of 53,135 shares.The stock last traded at $19.00 and had previously closed at $18.71.

Wall Street Analysts Forecast Growth

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

Kyocera Stock Up 2.1%

The company has a debt-to-equity ratio of 0.06, a current ratio of 3.08 and a quick ratio of 1.91. The business has a 50 day simple moving average of $16.72 and a 200 day simple moving average of $15.53. The company has a market capitalization of $25.79 billion, a price-to-earnings ratio of 28.52 and a beta of 0.51.

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