Keyence (OTCMKTS:KYCCF) Shares Gap Down – Should You Sell?

Shares of Keyence Corporation (OTCMKTS:KYCCF) gapped down prior to trading on Tuesday . The stock had previously closed at $496.89, but opened at $468.75. Keyence shares last traded at $470.22, with a volume of 159 shares changing hands.

Analysts Set New Price Targets

KYCCF has been the topic of a number of analyst reports. Erste Group Bank raised Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Finally, Zacks Research raised Keyence to a “hold” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Keyence presently has an average rating of “Moderate Buy”.

Keyence Price Performance

The business has a fifty day moving average price of $450.96 and a 200 day moving average price of $398.57.

Keyence Company Profile

Keyence Corporation, established in 1974 by Takemitsu Takizaki and headquartered in Osaka, Japan, is a leading developer and manufacturer of automation and inspection equipment. The company focuses on delivering advanced technologies that improve manufacturing efficiency and quality control for a broad range of industries, including automotive, electronics, pharmaceuticals, food and beverage, and packaging.

Keyence’s product portfolio encompasses a variety of sensors, vision systems, laser markers, digital microscopes and measuring instruments.