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

Keyence Corporation (OTCMKTS:KYCCF)’s share price gapped down prior to trading on Friday . The stock had previously closed at $475.00, but opened at $439.00. Keyence shares last traded at $431.39, with a volume of 677 shares.

Wall Street Analyst Weigh In

KYCCF has been the subject of several research analyst reports. The Goldman Sachs Group upgraded shares of Keyence from a “hold” rating to a “buy” rating in a research note on Thursday, May 28th. Zacks Research upgraded shares of Keyence to a “hold” rating in a research report on Tuesday, May 19th. Finally, Erste Group Bank upgraded shares of Keyence to a “strong-buy” rating in a report on Tuesday, May 12th. One equities research 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’s stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Keyence Stock Down 3.0%

The stock has a 50-day simple moving average of $487.40 and a 200 day simple moving average of $422.20.

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.