Keyence (OTCMKTS:KYCCF) Shares Gap Up – Time to Buy?

Keyence Corporation (OTCMKTS:KYCCF)’s share price gapped up before the market opened on Monday . The stock had previously closed at $552.01, but opened at $572.71. Keyence shares last traded at $549.5920, with a volume of 238 shares traded.

Analyst Ratings Changes

A number of research firms have recently weighed in on KYCCF. Zacks Research raised shares of Keyence to a “hold” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group upgraded Keyence from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. Finally, Erste Group Bank upgraded shares of Keyence to a “strong-buy” rating in a report on Tuesday, May 12th. One research 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. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Keyence Trading Down 1.0%

The business’s 50-day moving average is $488.33 and its two-hundred day moving average is $440.92.

About Keyence

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.