Keyence (OTCMKTS:KYCCF) Hits New 52-Week High – Still a Buy?

Keyence Corporation (OTCMKTS:KYCCFGet Free Report)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $578.63 and last traded at $538.75, with a volume of 408 shares. The stock had previously closed at $532.7060.

Analysts Set New Price Targets

A number of equities research analysts have commented on KYCCF shares. The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. Erste Group Bank raised Keyence to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Zacks Research upgraded Keyence to a “hold” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Read Our Latest Report on Keyence

Keyence Stock Down 1.4%

The business’s fifty day simple moving average is $487.23 and its 200-day simple moving average is $439.76.

About Keyence

(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.

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