Keyence (OTCMKTS:KYCCF) Shares Gap Down – What’s Next?

Keyence Corporation (OTCMKTS:KYCCF)’s share price gapped down before the market opened 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 traded.

Wall Street Analyst Weigh In

Separately, Citigroup raised Keyence from a “hold” rating to a “buy” rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Keyence Stock Down 1.6%

The firm has a market cap of $123.93 billion, a price-to-earnings ratio of 141.94 and a beta of 1.32. The business’s fifty day moving average is $507.05 and its two-hundred day moving average is $469.03.

Keyence Company Profile

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.