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

Keyence Corporation (OTCMKTS:KYCCF)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $506.00, but opened at $543.30. Keyence shares last traded at $507.28, with a volume of 52 shares trading hands.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of Keyence from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Keyence Stock Up 2.5%

The company has a market cap of $125.81 billion, a PE ratio of 144.09 and a beta of 1.32. The business’s 50 day moving average price is $505.55 and its 200-day moving average price is $468.10.

About Keyence

Keyence Corporation is a Japan-based provider of factory automation and industrial technology products. The company develops and sells sensors, measuring instruments, machine-vision systems, barcode readers, laser markers, microscopes and related control and inspection equipment used in manufacturing and other industrial applications.

Keyence’s products are designed to help manufacturers automate production processes, inspect parts, identify products, measure dimensions and improve quality control.