Keyence (OTCMKTS:KYCCF) Sets New 1-Year High – Still a Buy?

Keyence Corporation (OTCMKTS:KYCCF) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $563.51 and last traded at $535.00, with a volume of 346 shares traded. The stock had previously closed at $544.00.

Wall Street Analysts Forecast Growth

KYCCF has been the topic of a number of analyst reports. Zacks Research raised Keyence to a “hold” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a research note on Thursday, May 28th. Finally, Erste Group Bank raised Keyence to a “strong-buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Keyence Stock Down 1.5%

The company’s 50 day simple moving average is $482.75 and its 200 day simple moving average is $433.97.

Keyence Company Profile

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.