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

Keyence Corporation (OTCMKTS:KYCCF) shares gapped down before the market opened on Tuesday . The stock had previously closed at $496.89, but opened at $468.75. Keyence shares last traded at $470.22, with a volume of 159 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have commented on KYCCF shares. Erste Group Bank upgraded Keyence to a “strong-buy” rating in a research note on Tuesday, May 12th. The Goldman Sachs Group upgraded Keyence from a “hold” rating to a “buy” rating in a research note on Thursday, May 28th. Finally, Zacks Research upgraded Keyence to a “hold” rating in a research note on Tuesday, May 19th. One equities 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Keyence Stock Performance

The firm has a 50 day simple moving average of $446.51 and a 200 day simple moving average of $396.92.

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.