Keyence (OTCMKTS:KYCCF) Shares Gap Up – Here’s What Happened

Shares of Keyence Corporation (OTCMKTS:KYCCF) gapped up prior to trading on Thursday . The stock had previously closed at $467.3840, but opened at $503.3399. Keyence shares last traded at $480.00, with a volume of 287 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KYCCF shares. Erste Group Bank raised shares of Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group raised shares of Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Finally, Zacks Research upgraded shares of Keyence to a “hold” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Keyence Price Performance

The stock has a 50 day simple moving average of $473.61 and a two-hundred day simple moving average of $409.08.

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.