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

Keyence Corporation (OTCMKTS:KYCCF) shares gapped down prior to trading on Thursday. The stock had previously closed at $515.51, but opened at $482.15. Keyence shares last traded at $506.00, with a volume of 102 shares.

Wall Street Analysts Forecast Growth

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

Keyence Trading Down 0.5%

The stock has a fifty day simple moving average of $513.07 and a two-hundred day simple moving average of $473.81. The firm has a market cap of $122.62 billion, a PE ratio of 140.44 and a beta of 1.36.

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.