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

Keyence Corporation (OTCMKTS:KYCCF)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $549.3440, but opened at $519.92. Keyence shares last traded at $555.00, with a volume of 297 shares trading hands.

Analyst Upgrades and Downgrades

KYCCF has been the topic of a number of recent 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. Erste Group Bank upgraded shares of Keyence to a “strong-buy” rating in a research 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 issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Keyence Stock Performance

The firm has a 50 day moving average of $482.75 and a 200-day moving average of $433.97.

About Keyence

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.