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

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

Analysts Set New Price Targets

Several research firms have recently commented on KYCCF. Zacks Research raised shares of Keyence from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Citigroup raised shares of Keyence from a “hold” rating to a “buy” rating in a research note on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Keyence Stock Performance

The stock has a market capitalization of $124.94 billion, a price-to-earnings ratio of 143.10 and a beta of 1.36. The company has a 50 day moving average of $513.17 and a 200 day moving average of $475.05.

About Keyence

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.