Keyence (OTCMKTS:KYCCF) Trading 7.6% Higher – Here’s What Happened

Keyence Corporation (OTCMKTS:KYCCF) was up 7.6% on Friday . The company traded as high as $529.9035 and last traded at $509.00. Approximately 132 shares changed hands during trading, a decline of 97% from the average session volume of 4,560 shares. The stock had previously closed at $473.00.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KYCCF shares. Erste Group Bank raised Keyence to a “strong-buy” rating in a research report 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 raised Keyence to a “hold” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Keyence Trading Down 2.1%

The business has a fifty day moving average price of $478.64 and a 200-day moving average price of $428.54.

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.