Keyence (OTCMKTS:KYCCF) Stock Rating Lowered by Zacks Research

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

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

Keyence Price Performance

Keyence stock opened at $466.80 on Monday. Keyence has a 1 year low of $316.20 and a 1 year high of $581.60. The company’s 50 day simple moving average is $497.31 and its 200-day simple moving average is $458.31.

Keyence (OTCMKTS:KYCCF) last released its quarterly 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 firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.30 billion. Analysts predict that Keyence will post 15.14 earnings per share for the current fiscal year.

Keyence Company Profile

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.