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

Keyence Corporation (OTCMKTS:KYCCF)’s stock price gapped down before the market opened on Tuesday. The stock had previously closed at $499.20, but opened at $478.6901. Keyence shares last traded at $501.85, with a volume of 102 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup raised Keyence from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. Zacks Research upgraded 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. According to data from MarketBeat, Keyence presently has an average rating of “Strong Buy”.

Keyence Stock Performance

The company’s 50-day simple moving average is $504.82 and its 200-day simple moving average is $454.18. The company has a market capitalization of $123.69 billion, a PE ratio of 141.67 and a beta of 1.36.

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.