Kyocera (OTCMKTS:KYOCY) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Kyocera (OTCMKTS:KYOCY) from a hold rating to a sell rating in a research report report published on Thursday, reports.

According to Zacks, “Kyocera Corporation was founded in 1959 as a company specializing in the production of fine ceramic components, Kyocera has expanded its business by effectively developing and applying its ceramics technologies. The company has grown to be a world-leading manufacturer of ceramics, including custom parts and consumer products. Kyocera’s materials, components, and finished products are used in virtually all fields of industry. In addition to ceramics, products also include information, tele-communications, and Optical equipment. “

Separately, ValuEngine lowered shares of Kyocera from a buy rating to a hold rating in a research note on Thursday, August 1st.

KYOCY stock opened at $63.25 on Thursday. The firm has a fifty day moving average price of $61.06 and a 200 day moving average price of $61.61. Kyocera has a fifty-two week low of $47.32 and a fifty-two week high of $67.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.35 and a current ratio of 3.34. The firm has a market cap of $22.65 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.57 and a beta of 1.02.

Kyocera (OTCMKTS:KYOCY) last posted its earnings results on Friday, August 2nd. The company reported $0.81 earnings per share for the quarter. Kyocera had a net margin of 5.76% and a return on equity of 3.83%. The firm had revenue of $3.50 billion during the quarter. On average, equities analysts predict that Kyocera will post 3.67 EPS for the current year.

About Kyocera

Kyocera Corporation develops, produces, and distributes ceramic and electronic components, and telecommunications and information equipment worldwide. Its Industrial & Automotive Components Group segment offers fine ceramic components, automotive components, liquid crystal displays, and industrial tools to industrial machinery, automotive, general industrial, and construction markets.

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