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

Shares of Keyence Corporation (OTCMKTS:KYCCF) gapped up before the market opened on Monday . The stock had previously closed at $504.99, but opened at $530.00. Keyence shares last traded at $515.02, with a volume of 449 shares changing hands.

Analysts Set New Price Targets

KYCCF has been the subject of several research analyst reports. Erste Group Bank upgraded Keyence to a “strong-buy” rating in a report on Tuesday, May 12th. The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. Finally, Zacks Research upgraded shares of Keyence to a “hold” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

Keyence Price Performance

The company has a fifty day simple moving average of $478.61 and a 200-day simple moving average of $429.45.

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.