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

Keyence Corporation (OTCMKTS:KYCCF) shares gapped down prior to trading on Tuesday. The stock had previously closed at $495.4173, but opened at $469.61. Keyence shares last traded at $471.02, with a volume of 220 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KYCCF. Zacks Research raised Keyence from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Citigroup raised Keyence from a “hold” rating to a “buy” rating in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Strong Buy”.

Keyence Stock Performance

The company has a market capitalization of $115.96 billion, a PE ratio of 132.82 and a beta of 1.36. The stock’s fifty day simple moving average is $503.73 and its 200-day simple moving average is $455.96.

Keyence (OTCMKTS:KYCCF) last issued its quarterly earnings data on Thursday, October 29th. The company reported $4.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.92 by $0.21. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.30 billion. On average, equities analysts anticipate that Keyence Corporation will post 15.14 EPS for the current year.

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.