Keyence (OTCMKTS:KYCCF) Shares Gap Down – Time to Sell?

Keyence Corporation (OTCMKTS:KYCCF) gapped down before the market opened on Wednesday . The stock had previously closed at $524.64, but opened at $484.43. Keyence shares last traded at $507.98, with a volume of 326 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KYCCF shares. The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Zacks Research raised Keyence to a “hold” rating in a report on Tuesday, May 19th. Finally, Erste Group Bank raised shares of 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Keyence Stock Down 3.2%

The company’s 50 day moving average is $477.97 and its 200-day moving average is $411.73.

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.