Kyocera (OTCMKTS:KYOCY) Upgraded by Zacks Investment Research to Hold

Kyocera (OTCMKTS:KYOCY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors 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 downgraded Kyocera from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.

KYOCY stock traded down $0.50 during midday trading on Thursday, hitting $65.75. 40,394 shares of the company’s stock were exchanged, compared to its average volume of 20,275. The stock’s fifty day moving average price is $63.55 and its 200-day moving average price is $63.08. The company has a market cap of $23.70 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 1.98 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.35 and a current ratio of 3.34. Kyocera has a one year low of $47.32 and a one year high of $67.43.

Kyocera Company Profile

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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