Keyence (OTCMKTS:KYCCF) Shares Gap Up – Still a Buy?

Keyence Corporation (OTCMKTS:KYCCF)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $467.3840, but opened at $503.3399. Keyence shares last traded at $480.00, with a volume of 287 shares.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Erste Group Bank upgraded Keyence to a “strong-buy” rating in a report on Tuesday, May 12th. The Goldman Sachs Group upgraded shares of 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 report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Keyence Trading Up 1.7%

The company’s 50-day simple moving average is $470.49 and its 200 day simple moving average is $407.64.

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.