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

Keyence Corporation (OTCMKTS:KYCCF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $524.64, but opened at $484.43. Keyence shares last traded at $507.98, with a volume of 326 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KYCCF shares. Erste Group Bank raised shares of Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group upgraded 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 report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Keyence Price Performance

The business’s fifty day moving average price is $482.64 and its 200 day moving average price is $414.04.

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.