Keyence (OTCMKTS:KYCCF) Shares Gap Down – Here’s What Happened

Keyence Corporation (OTCMKTS:KYCCF) gapped down before the market opened on Wednesday . The stock had previously closed at $486.20, but opened at $451.61. Keyence shares last traded at $473.06, with a volume of 198 shares changing hands.

Wall Street Analyst Weigh In

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

Keyence Trading Up 6.0%

The firm has a 50-day moving average of $469.15 and a two-hundred day moving average of $406.85.

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.