Keyence (OTCMKTS:KYCCF) Shares Gap Down – Here’s Why

Keyence Corporation (OTCMKTS:KYCCFGet Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $479.7850, but opened at $457.49. Keyence shares last traded at $493.80, with a volume of 668 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on KYCCF shares. Zacks Research upgraded shares of Keyence to a “hold” rating in a report on Tuesday. Erste Group Bank raised shares of Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Keyence currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on KYCCF

Keyence Price Performance

The business’s 50-day moving average price is $419.81 and its two-hundred day moving average price is $386.28.

About Keyence

(Get Free Report)

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.

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