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

Shares of Keyence Corporation (OTCMKTS:KYCCF) gapped down prior to trading on Friday . The stock had previously closed at $475.00, but opened at $439.00. Keyence shares last traded at $431.39, with a volume of 677 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on KYCCF. Zacks Research upgraded shares of Keyence to a “hold” rating in a research report on Tuesday, May 19th. Erste Group Bank raised shares of Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group upgraded shares of Keyence from a “hold” rating to a “buy” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Keyence Stock Performance

The firm has a 50 day simple moving average of $487.40 and a 200-day simple moving average of $422.20.

About Keyence

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.