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 $506.3940, but opened at $459.7275. Keyence shares last traded at $478.1680, with a volume of 92 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KYCCF shares. Erste Group Bank upgraded Keyence to a “strong-buy” rating in a report on Tuesday, May 12th. Zacks Research upgraded Keyence to a “hold” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Keyence has a consensus rating of “Moderate Buy”.

Keyence Price Performance

The firm has a 50 day moving average of $424.33 and a 200-day moving average of $388.20.

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.