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

Shares of Keyence Corporation (OTCMKTS:KYCCF) gapped down before the market opened on Friday . The stock had previously closed at $490.76, but opened at $474.18. Keyence shares last traded at $493.7690, with a volume of 139 shares trading hands.

Wall Street Analysts Forecast Growth

KYCCF has been the topic of a number of research reports. Zacks Research raised Keyence to a “hold” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group upgraded Keyence from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. Finally, Citigroup upgraded shares of Keyence from a “hold” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Keyence currently has a consensus rating of “Buy”.

Keyence Price Performance

The company has a 50-day moving average price of $499.13 and a 200 day moving average price of $459.35.

About Keyence

Keyence Corporation is a Japanese technology company that develops and supplies factory-automation and industrial-measurement equipment. Its products are used by manufacturers to detect, inspect, measure and control production processes across a range of industries.

The company’s product portfolio includes sensors, machine-vision systems, measuring instruments, industrial microscopes, barcode readers, laser markers, programmable logic controllers and related automation solutions. Keyence also provides application support and technical assistance to help customers integrate its equipment into manufacturing operations.

Founded in Japan in 1974, Keyence has expanded its operations internationally and serves customers through offices and sales organizations in markets across Asia, North America, Europe and other regions.