Keyence (OTCMKTS:KYCCF) Stock Falls 5.9% – Here’s Why

Keyence Corporation (OTCMKTS:KYCCF)’s stock price was down 5.9% during mid-day trading on Monday. The company traded as low as $475.5275 and last traded at $475.5275. Approximately 486 shares were traded during mid-day trading, a decline of 87% from the average session volume of 3,824 shares. The stock had previously closed at $505.51.

Analysts Set New Price Targets

Several equities research analysts recently commented on KYCCF shares. Zacks Research upgraded shares of Keyence from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Citigroup raised Keyence from a “hold” rating to a “buy” rating in a report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Keyence Trading Down 2.1%

The company’s 50 day simple moving average is $504.51 and its 200 day simple moving average is $455.45. The stock has a market capitalization of $117.63 billion, a PE ratio of 134.73 and a beta of 1.39.

Keyence (OTCMKTS:KYCCF) last posted its quarterly earnings data on Thursday, October 29th. The company reported $4.13 EPS for the quarter, beating analysts’ consensus estimates of $3.92 by $0.21. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.30 billion. As a group, analysts predict that Keyence Corporation will post 15.14 EPS for the current year.

Keyence Company Profile

Keyence Corporation is a Japan-based developer and manufacturer of industrial automation and measurement equipment. The company provides technologies that help manufacturers inspect products, control production processes, identify components and collect operating data across a range of industrial applications.

Its product portfolio includes sensors, machine-vision systems, measuring instruments, laser markers, microscopes, barcode readers, programmable logic controllers and related automation solutions.