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

Keyence Corporation (OTCMKTS:KYCCF) gapped down before the market opened 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.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KYCCF shares. Zacks Research downgraded shares of Keyence from a “strong-buy” rating to a “hold” rating in a report on Monday. Citigroup upgraded Keyence from a “hold” rating to a “buy” rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Keyence Stock Down 2.4%

The stock has a 50 day moving average of $495.95 and a 200 day moving average of $459.13. The company has a market capitalization of $111.76 billion, a price-to-earnings ratio of 59.61 and a beta of 1.39.

Keyence (OTCMKTS:KYCCF) last released its earnings results on Thursday, October 29th. The company reported $4.13 earnings per share for the quarter, beating analysts’ consensus estimates of $3.92 by $0.21. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.30 billion. As a group, sell-side analysts anticipate that Keyence Corporation will post 14.82 EPS for the current fiscal 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.