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

Keyence Corporation (OTCMKTS:KYCCFGet Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $485.21, but opened at $529.10. Keyence shares last traded at $518.76, with a volume of 85 shares changing hands.

Wall Street Analysts Forecast Growth

KYCCF has been the subject of several recent research reports. The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a report on Thursday. Erste Group Bank upgraded shares of Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Zacks Research upgraded shares of Keyence to a “hold” rating in a research report on Tuesday, May 19th. One 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 company’s stock. Based on data from MarketBeat, Keyence currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Research Report on KYCCF

Keyence Stock Performance

The business has a 50 day moving average of $428.44 and a 200 day moving average of $389.85.

Keyence Company Profile

(Get Free Report)

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.

Further Reading

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