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

Keyence Corporation (OTCMKTS:KYCCF) shares gapped down prior to trading on Wednesday . The stock had previously closed at $544.50, but opened at $497.3525. Keyence shares last traded at $512.12, with a volume of 54 shares traded.

Analysts Set New Price Targets

KYCCF has been the topic of a number of research reports. Erste Group Bank upgraded shares of Keyence to a “strong-buy” rating in a report on Tuesday, May 12th. 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, Zacks Research upgraded Keyence to a “hold” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Keyence Stock Performance

The firm has a 50 day moving average of $490.79 and a two-hundred day moving average of $442.96.

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.