Keyence (OTCMKTS:KYCCF) Shares Down 10.8% – What’s Next?

Shares of Keyence Corporation (OTCMKTS:KYCCF) traded down 10.8% on Thursday . The company traded as low as $407.7450 and last traded at $410.50. 85 shares were traded during mid-day trading, a decline of 98% from the average session volume of 5,071 shares. The stock had previously closed at $460.00.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Keyence from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. Erste Group Bank raised shares of Keyence to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Zacks Research raised shares of 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 issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Keyence Price Performance

The stock’s fifty day moving average is $450.96 and its two-hundred day moving average is $398.57.

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.