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Kyocera (KYO) has rather quietly exploded from ~$65 a share to a recent 52-wk high of $91.59 in the past three-months -- nearly a 40% appreciation. Both its Tokyo Stock Exchange traded shares (ticker: 6971) and its ADRs (NYSE:KYO) have been trading at 52-wk and multi-year highs.

Its earnings release for the December quarter justified the stock's surge after a 75% y-o-y increase in group operating profit to 33.8 billion yen (US$286m). However, analysts are still ambivalent whether Kyocera can meet its full year earnings projections and whether the company's recovery will continue. Nikkei Weekly stated that "a full-scale recovery in the component business is indispensable for a further price rise in Kyocera stock." Kyocera closed down -2.69% in Tokyo at 10,110 yen. Its ADRs are down even more in morning trading, off 3.53% at $85.90.

KYO 1-yr chart:

Source: Is Kyocera's Run Over? (KYO)