Keyence (OTCMKTS:KYCCF) Shares Gap Down – Time to Sell?

Keyence Corporation (OTCMKTS:KYCCF) gapped down prior to trading on Friday. The stock had previously closed at $471.99, but opened at $450.00. Keyence shares last traded at $483.6275, with a volume of 131 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Zacks Research downgraded shares of Keyence from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 9th. Citigroup raised Keyence from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. One investment 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’s stock. According to MarketBeat.com, Keyence presently has a consensus rating of “Buy”.

Keyence Stock Performance

The firm’s 50 day simple moving average is $495.28 and its 200 day simple moving average is $459.51. The firm has a market capitalization of $113.04 billion, a price-to-earnings ratio of 60.29 and a beta of 1.39.

Keyence (OTCMKTS:KYCCF) last released its quarterly earnings data on Thursday, October 29th. The company reported $4.13 EPS for the quarter, beating the consensus estimate of $3.92 by $0.21. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.30 billion. As a group, sell-side analysts forecast that Keyence Corporation will post 14.82 earnings per share for the current year.

Keyence Company Profile

Keyence Corporation develops and sells factory-automation equipment used to monitor, inspect and improve manufacturing processes. Its products include sensors, measuring instruments, machine-vision systems, laser markers, microscopes and programmable logic controllers. Founded in Japan in 1974, the company serves manufacturers across a range of industries, including automotive, electronics, semiconductor and pharmaceutical production. Keyence sells its products internationally through a global sales and support network.