Keyence (OTCMKTS:KYCCF) Stock Price Down 5.9% - What's Next?

Key Points

• Keyence shares fell 5.9% to $475.53 in light trading, with volume down 87% from the average daily level.
• Analysts remain bullish, with recent upgrades from Zacks Research and Citigroup and a consensus rating of “Strong Buy.”
• Keyence exceeded quarterly expectations, reporting $4.13 in EPS versus $3.92 expected and revenue of $2.47 billion versus $2.30 billion forecast.

Keyence Corporation (OTCMKTS:KYCCF - Get Free Report)'s stock price dropped 5.9% 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 daily volume of 3,824 shares. The stock had previously closed at $505.51.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KYCCF shares. Zacks Research upgraded shares of Keyence from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 7th. Citigroup raised Keyence from a "hold" rating to a "buy" rating in a research report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Strong Buy".

Keyence Stock Performance

The stock has a market cap of $117.63 billion, a price-to-earnings ratio of 134.73 and a beta of 1.39. The business's 50 day moving average is $504.51 and its 200-day moving average is $455.45.

Keyence (OTCMKTS:KYCCF - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $4.13 EPS for the quarter, topping analysts' consensus estimates 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. Sell-side analysts anticipate that Keyence Corporation will post 15.14 EPS for the current fiscal 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.

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