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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of Keyence from a “hold” rating to a “buy” rating in a research note on Thursday, May 28th. Citigroup upgraded shares of Keyence from a “hold” rating to a “buy” rating in a report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Keyence Trading Down 0.4%

The firm has a fifty day moving average of $499.48 and a 200-day moving average of $462.10.

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.