Shares of Keyence Corporation (OTCMKTS:KYCCF – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $471.99, but opened at $450.00. Keyence shares last traded at $483.6275, with a volume of 131 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on KYCCF shares. Citigroup raised Keyence from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. Zacks Research cut Keyence from a “strong-buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Keyence presently has an average rating of “Buy”.
Check Out Our Latest Stock Report on KYCCF
Keyence Stock Performance
The company has a market cap of $111.76 billion, a price-to-earnings ratio of 59.61 and a beta of 1.39. The business has a fifty day moving average price of $495.95 and a 200 day moving average price of $459.13.
Keyence (OTCMKTS:KYCCF – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $4.13 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.21. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.30 billion. As a group, equities analysts anticipate that Keyence Corporation will post 14.82 EPS for the current 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.
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