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

Keyence Corporation (OTCMKTS:KYCCF) gapped down before the market opened 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.

Analyst Upgrades and Downgrades

KYCCF has been the subject of several research analyst reports. The Goldman Sachs Group raised shares of Keyence from a “hold” rating to a “buy” rating in a research note on Thursday, May 28th. Zacks Research raised shares of Keyence to a “hold” rating in a research report on Tuesday, May 19th. Finally, Erste Group Bank upgraded Keyence to a “strong-buy” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Keyence presently has a consensus rating of “Moderate Buy”.

Keyence Trading Down 6.3%

The business has a 50-day moving average price of $485.00 and a two-hundred day moving average price of $415.15.

Keyence Company Profile

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.