Keyence (OTCMKTS:KYCCF – Get Free Report) released its quarterly earnings data on Thursday. The company reported $4.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.92 by $0.21, Zacks reports. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.30 billion.
Keyence Trading Down 2.0%
Shares of Keyence stock opened at $495.42 on Friday. The firm has a fifty day moving average of $504.51 and a two-hundred day moving average of $455.45. Keyence has a 52 week low of $316.20 and a 52 week high of $581.60.
Analysts Set New Price Targets
Several brokerages have weighed in on KYCCF. Citigroup raised shares of Keyence from a “hold” rating to a “buy” rating in a research note on Tuesday, September 8th. Zacks Research upgraded shares of Keyence from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.
Get Our Latest Stock Analysis on KYCCF
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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