Keyence (OTCMKTS:KYCCF) Shares Gap Down – Time to Sell?

Keyence Corporation (OTCMKTS:KYCCF)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $484.11, but opened at $469.33. Keyence shares last traded at $499.01, with a volume of 946 shares trading hands.

Analysts Set New Price Targets

Several research firms recently commented on KYCCF. The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. Citigroup raised shares of Keyence from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Keyence has a consensus rating of “Buy”.

Keyence Price Performance

The stock’s 50-day moving average is $499.06 and its 200 day moving average is $461.41.

Keyence Company Profile

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.