Keyence (OTCMKTS:KYCCF) Shares Gap Down – What’s Next?

Keyence Corporation (OTCMKTS:KYCCFGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $511.4350, but opened at $459.2010. Keyence shares last traded at $490.00, with a volume of 155 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have commented on KYCCF shares. The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. Erste Group Bank upgraded Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Zacks Research raised Keyence to a “hold” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Keyence presently has an average rating of “Moderate Buy”.

Read Our Latest Stock Report on Keyence

Keyence Trading Down 6.3%

The stock’s 50-day simple moving average is $485.00 and its 200 day simple moving average is $415.15.

About Keyence

(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.

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