Keyence (OTCMKTS:KYCCF) Shares Gap Down – Here’s Why

Shares of Keyence Corporation (OTCMKTS:KYCCF) gapped down prior to trading on Thursday. The stock had previously closed at $519.3150, but opened at $490.75. Keyence shares last traded at $512.8811, with a volume of 246 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup raised Keyence from a “hold” rating to a “buy” rating in a research note on Tuesday, September 8th. One 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 stock. According to MarketBeat, Keyence has a consensus rating of “Buy”.

Keyence Stock Down 1.6%

The company has a market capitalization of $123.93 billion, a price-to-earnings ratio of 141.94 and a beta of 1.32. The stock’s fifty day moving average price is $507.05 and its 200-day moving average price is $469.03.

About Keyence

Keyence Corporation is a Japan-based provider of factory automation and industrial technology products. The company develops and sells sensors, measuring instruments, machine-vision systems, barcode readers, laser markers, microscopes and related control and inspection equipment used in manufacturing and other industrial applications.

Keyence’s products are designed to help manufacturers automate production processes, inspect parts, identify products, measure dimensions and improve quality control.