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

Keyence Corporation (OTCMKTS:KYCCF)’s share price 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.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KYCCF. Citigroup upgraded Keyence from a “hold” rating to a “buy” rating in a report on Tuesday, September 8th. Zacks Research raised Keyence from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Keyence Stock Down 10.0%

The company has a market cap of $105.29 billion, a price-to-earnings ratio of 120.60 and a beta of 1.39. The stock has a fifty day moving average price of $502.56 and a two-hundred day moving average price of $456.92.

Keyence (OTCMKTS:KYCCF) last announced its earnings results on Thursday, October 29th. The company reported $4.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.92 by $0.21. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.30 billion. Analysts predict that Keyence Corporation will post 15.14 earnings per share for the current fiscal 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.