Keyence (OTCMKTS:KYCCF) Shares Gap Down – Time to Sell?

Shares of Keyence Corporation (OTCMKTS:KYCCFGet Free Report) 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.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. Zacks Research upgraded shares of Keyence to a “hold” rating in a report on Tuesday, May 19th. Finally, Erste Group Bank raised shares of Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

View Our Latest Research Report on KYCCF

Keyence Trading Down 3.2%

The stock has a fifty day moving average price of $477.97 and a two-hundred day moving average price of $411.73.

About Keyence

(Get Free Report)

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.

Further Reading

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