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

Keyence Corporation (OTCMKTS:KYCCF)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $504.00, but opened at $532.96. Keyence shares last traded at $505.49, with a volume of 87 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KYCCF shares. Citigroup raised Keyence from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. Zacks Research upgraded Keyence from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Keyence Stock Performance

The company has a 50-day moving average of $510.14 and a two-hundred day moving average of $479.88.

Keyence Company Profile

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.