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

Keyence Corporation (OTCMKTS:KYCCF) fell 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 trading, a decline of 87% from the average daily volume of 3,824 shares. The stock had previously closed at $505.51.

Analyst Ratings Changes

A number of research firms have weighed in on KYCCF. 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 shares of Keyence from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Keyence Stock Performance

The business has a 50-day moving average price of $503.27 and a 200 day moving average price of $456.45.

Keyence (OTCMKTS:KYCCF) last posted its quarterly earnings results on Thursday, October 29th. The company reported $4.13 earnings per share for the quarter, topping the consensus estimate of $3.92 by $0.21. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.30 billion. As a group, sell-side analysts forecast that Keyence Corporation will post 15.14 earnings per share for the current fiscal year.

About Keyence

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.