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

Keyence Corporation (OTCMKTS:KYCCFGet Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $553.99, but opened at $515.04. Keyence shares last traded at $557.54, with a volume of 90 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Erste Group Bank upgraded Keyence to a “strong-buy” rating in a research note on Tuesday, May 12th. Zacks Research raised Keyence to a “hold” rating in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. 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. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Get Our Latest Research Report on Keyence

Keyence Price Performance

The stock’s 50 day simple moving average is $488.33 and its two-hundred day simple moving average is $440.55.

Keyence Company Profile

(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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