Shares of Keyence Corporation (OTCMKTS:KYCCF – Get Free Report) were up 7.3% on Wednesday . The company traded as high as $529.52 and last traded at $528.11. Approximately 387 shares traded hands during trading, a decline of 93% from the average daily volume of 5,172 shares. The stock had previously closed at $492.3650.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on KYCCF shares. Erste Group Bank raised Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Finally, Zacks Research raised Keyence to a “hold” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
Read Our Latest Report on KYCCF
Keyence Stock Down 0.1%
About Keyence
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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