Keyence (OTCMKTS:KYCCF) Shares Gap Down – Should You Sell?

Keyence Corporation (OTCMKTS:KYCCF) 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 changing hands.

Analysts Set New Price Targets

Several research analysts have issued reports on KYCCF shares. Erste Group Bank upgraded shares of Keyence to a “strong-buy” rating in a report on Tuesday, May 12th. Zacks Research upgraded shares of Keyence to a “hold” rating in a research report on Tuesday, May 19th. Finally, The Goldman Sachs Group upgraded shares of Keyence from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Keyence Stock Down 0.5%

The stock has a 50 day simple moving average of $486.33 and a 200 day simple moving average of $438.59.

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.