Keyence (OTCMKTS:KYCCF) Shares Up 5.7% – Time to Buy?

Keyence Corporation (OTCMKTS:KYCCF – Get Free Report)’s share price traded up 5.7% on Friday. The stock traded as high as $532.51 and last traded at $515.91. Approximately 563 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 4,054 shares. The stock had previously closed at $487.9950.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. The Goldman Sachs Group upgraded shares of Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Citigroup raised shares of Keyence from a “hold” rating to a “buy” rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Get Our Latest Report on Keyence

Keyence Trading Up 3.3%

The stock’s 50-day moving average is $502.03 and its 200 day moving average is $465.57.

About Keyence

(Get Free Report)

Keyence Corporation is a Japanese technology company that develops and supplies factory-automation and industrial-measurement equipment. Its products are used by manufacturers to detect, inspect, measure and control production processes across a range of industries.

The company’s product portfolio includes sensors, machine-vision systems, measuring instruments, industrial microscopes, barcode readers, laser markers, programmable logic controllers and related automation solutions. Keyence also provides application support and technical assistance to help customers integrate its equipment into manufacturing operations.

Founded in Japan in 1974, Keyence has expanded its operations internationally and serves customers through offices and sales organizations in markets across Asia, North America, Europe and other regions.

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