Kyocera (OTCMKTS:KYOCY) Shares Gap Down – Time to Sell?

Kyocera Corporation (OTCMKTS:KYOCY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $13.64, but opened at $13.19. Kyocera shares last traded at $13.59, with a volume of 2,805 shares.

Analyst Ratings Changes

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

Kyocera Price Performance

The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 62.18 and a beta of 0.32. The company has a quick ratio of 2.11, a current ratio of 3.20 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average of $13.47 and a 200-day moving average of $12.74.

Kyocera (OTCMKTS:KYOCY) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. Kyocera had a return on equity of 1.37% and a net margin of 2.25%. On average, equities research analysts predict that Kyocera Corporation will post 0.32 EPS for the current fiscal 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.