Keyence (OTCMKTS:KYCCF) Stock Moved Down to Hold by Zacks Research

Keyence (OTCMKTS:KYCCF) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Separately, Citigroup raised Keyence from a “hold” rating to a “buy” rating in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Keyence Trading Up 0.8%

Shares of KYCCF opened at $466.80 on Monday. Keyence has a fifty-two week low of $316.20 and a fifty-two week high of $581.60. The firm has a 50-day simple moving average of $497.31 and a 200-day simple moving average of $458.31.

Keyence (OTCMKTS:KYCCF) last posted its quarterly earnings data on Thursday, October 29th. The company reported $4.13 EPS for the quarter, beating the consensus estimate of $3.92 by $0.21. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Equities research analysts predict that Keyence will post 15.14 earnings per share for the current fiscal year.

About Keyence

Keyence Corporation develops and sells factory-automation equipment used to monitor, inspect and improve manufacturing processes. Its products include sensors, measuring instruments, machine-vision systems, laser markers, microscopes and programmable logic controllers. Founded in Japan in 1974, the company serves manufacturers across a range of industries, including automotive, electronics, semiconductor and pharmaceutical production. Keyence sells its products internationally through a global sales and support network.