Keyence (OTCMKTS:KYCCF) Trading Down 5.4% – Here’s What Happened

Shares of Keyence Corporation (OTCMKTS:KYCCF) dropped 5.4% on Tuesday . The company traded as low as $475.00 and last traded at $479.00. Approximately 2,793 shares were traded during trading, a decline of 47% from the average daily volume of 5,247 shares. The stock had previously closed at $506.3940.

Analyst Ratings Changes

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 raised Keyence to a “buy” rating in a research note on Thursday. Finally, Erste Group Bank upgraded Keyence to a “strong-buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Keyence has a consensus rating of “Moderate Buy”.

Keyence Stock Performance

The company’s 50 day moving average price is $426.16 and its 200-day moving average price is $389.01.

About Keyence

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.