Keyence (OTCMKTS:KYCCF) Shares Gap Up – Still a Buy?

Shares of Keyence Corporation (OTCMKTS:KYCCF) gapped up before the market opened on Wednesday . The stock had previously closed at $495.68, but opened at $511.69. Keyence shares last traded at $497.6350, with a volume of 169 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KYCCF. Citigroup upgraded Keyence from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. The Goldman Sachs Group upgraded Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Keyence Stock Performance

The business’s 50 day moving average price is $500.83 and its 200 day moving average price is $464.11.

About Keyence

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.