Keyence (OTCMKTS:KYCCF) Sets New 52-Week High – Should You Buy?

Keyence Corporation (OTCMKTS:KYCCF)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $563.51 and last traded at $535.00, with a volume of 346 shares. The stock had previously closed at $544.00.

Analysts Set New Price Targets

Several research firms recently issued reports on KYCCF. Zacks Research upgraded Keyence to a “hold” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group upgraded shares of Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Finally, Erste Group Bank upgraded shares of Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Keyence Price Performance

The firm’s 50-day moving average is $480.15 and its two-hundred day moving average is $431.77.

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.