Keyence (OTCMKTS:KYCCF) Shares Down 5.3% – Here’s What Happened

Keyence Corporation (OTCMKTS:KYCCF)’s stock price dropped 5.3% during mid-day trading on Monday . The company traded as low as $422.01 and last traded at $425.00. 74 shares traded hands during trading, a decline of 98% from the average session volume of 4,589 shares. The stock had previously closed at $448.7750.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Erste Group Bank raised 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 research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Keyence currently has a consensus rating of “Buy”.

Keyence Price Performance

The stock’s 50 day simple moving average is $485.63 and its 200 day simple moving average is $422.82.

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.