Keyence (OTCMKTS:KYCCF) Shares Down 10.8% – Here’s What Happened

Keyence Corporation (OTCMKTS:KYCCF)’s stock price dropped 10.8% during mid-day trading on Thursday . The company traded as low as $407.7450 and last traded at $410.50. Approximately 85 shares traded hands during trading, a decline of 98% from the average daily volume of 5,071 shares. The stock had previously closed at $460.00.

Wall Street Analysts Forecast Growth

KYCCF has been the subject of a number of analyst reports. Zacks Research upgraded Keyence to a “hold” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group upgraded Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Finally, Erste Group Bank upgraded Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Keyence Stock Performance

The firm has a 50 day simple moving average of $454.81 and a two-hundred day simple moving average of $399.77.

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.