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

Shares of Keyence Corporation (OTCMKTS:KYCCF) gapped down prior to trading on Thursday . The stock had previously closed at $506.00, but opened at $469.66. Keyence shares last traded at $503.65, with a volume of 75 shares traded.

Analysts Set New Price Targets

KYCCF has been the subject of several analyst reports. Zacks Research raised shares of Keyence to a “hold” rating in a research note 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 raised shares of Keyence from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Keyence Trading Up 1.8%

The business has a fifty day moving average price of $499.31 and a 200-day moving average price of $454.24.

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.