Kyocera (OTCMKTS:KYOCY) Shares Gap Down – Should You Sell?

Kyocera Corporation (OTCMKTS:KYOCY) gapped down prior to trading on Monday . The stock had previously closed at $13.74, but opened at $12.85. Kyocera shares last traded at $13.13, with a volume of 816 shares changing hands.

Analyst Upgrades and Downgrades

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

Kyocera Stock Performance

The stock has a 50 day moving average of $13.62 and a 200 day moving average of $12.64. The company has a market capitalization of $18.73 billion, a price-to-earnings ratio of 102.31 and a beta of 0.32. The company has a quick ratio of 2.11, a current ratio of 3.10 and a debt-to-equity ratio of 0.06.

Kyocera (OTCMKTS:KYOCY) last released its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. Kyocera had a net margin of 1.30% and a return on equity of 0.79%. As a group, analysts predict that Kyocera Corporation will post 0.32 EPS for the current year.

About Kyocera

Kyocera Corporation develops, produces, and distributes products based on fine ceramic technologies in Japan, rest of Asia, Europe, the United States, and internationally. It operates through Core Components Business, Electronic Components Business, and Solutions Business segments. The Core Components Business segment offers components, such as fine ceramic components for semiconductor processing equipment, automotive camera modules, and ceramic packages, as well as organic packages and boards to protect electronic components and ICs to industrial machinery, automotive-related, and the information and communication-related markets; optical components, and jewelry and applied ceramic related products; and medical devices comprising prosthetic joints and dental implants.