Keyence (OTCMKTS:KYCCF) Shares Up 7.3% – Here’s Why

Shares of Keyence Corporation (OTCMKTS:KYCCF) shot up 7.3% during mid-day trading on Wednesday . The company traded as high as $529.52 and last traded at $528.11. 387 shares were traded during mid-day trading, a decline of 93% from the average session volume of 5,172 shares. The stock had previously closed at $492.3650.

Analysts Set New Price Targets

KYCCF has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. 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 equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Keyence Stock Performance

The business’s 50-day simple moving average is $433.45 and its 200 day simple moving average is $391.90.

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.