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

Shares of Keyence Corporation (OTCMKTS:KYCCF) 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 traded.

Analysts Set New Price Targets

KYCCF has been the subject of several analyst reports. Zacks Research upgraded Keyence from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Citigroup upgraded shares of Keyence from a “hold” rating to a “buy” rating in a report on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, Keyence currently has a consensus rating of “Strong Buy”.

Keyence Stock Performance

The firm has a fifty day moving average price of $503.73 and a two-hundred day moving average price of $455.96. The stock has a market capitalization of $115.96 billion, a P/E ratio of 132.82 and a beta of 1.36.

Keyence (OTCMKTS:KYCCF) last issued its quarterly earnings results on Thursday, October 29th. The company reported $4.13 earnings per share for the quarter, topping the consensus estimate of $3.92 by $0.21. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.30 billion. On average, research analysts anticipate 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.