Keyence (OTCMKTS:KYCCF) Sees Large Volume Increase – Still a Buy?

Keyence Corporation (OTCMKTS:KYCCF) shares saw unusually-strong trading volume on Friday . Approximately 3,731 shares traded hands during mid-day trading, a decline of 26% from the previous session’s volume of 5,014 shares.The stock last traded at $460.00 and had previously closed at $457.50.

Analyst Upgrades and Downgrades

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

Keyence Price Performance

The firm has a 50-day simple moving average of $452.92 and a 200 day simple moving average of $399.36.

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.