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

Keyence Corporation (OTCMKTS:KYCCF) shares gapped down before the market opened on Tuesday. The stock had previously closed at $508.45, but opened at $486.85. Keyence shares last traded at $501.45, with a volume of 213 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Citigroup upgraded shares of Keyence from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. Zacks Research raised shares of Keyence from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Keyence currently has a consensus rating of “Strong Buy”.

Keyence Stock Down 0.3%

The business has a fifty day simple moving average of $507.31 and a 200-day simple moving average of $484.21. The firm has a market cap of $124.53 billion, a P/E ratio of 142.63 and a beta of 1.36.

About Keyence

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.