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Keyence (OTCMKTS:KYCCF) Shares Gap Up - Here's Why

Keyence logo with Industrials background

Keyence Corporation (OTCMKTS:KYCCF - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $370.50, but opened at $421.80. Keyence shares last traded at $388.80, with a volume of 220 shares traded.

Analysts Set New Price Targets

Separately, Citigroup lowered Keyence from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th.

Read Our Latest Research Report on Keyence

Keyence Trading Down 7.1%

The company has a fifty day moving average of $401.71 and a two-hundred day moving average of $408.11.

Keyence Company Profile

(Get Free Report)

Keyence Corporation, together with its subsidiaries, engages in the development, manufacture, and sale of factory automation solutions in Japan, China, the United States, and internationally. The company offers photoelectric, fiber optic, laser, positioning, vision, specific solution, and inductive proximity sensors, as well as network communication units.

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