Keyence (OTCMKTS:KYCCF) Trading Up 4.8% – Should You Buy?

Keyence Corporation (OTCMKTS:KYCCF)’s stock price traded up 4.8% during trading on Thursday . The company traded as high as $521.97 and last traded at $516.04. 960 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 4,187 shares. The stock had previously closed at $492.38.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Zacks Research upgraded Keyence to a “hold” rating in a report on Tuesday, May 19th. Citigroup raised Keyence from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group raised 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 assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Keyence presently has a consensus rating of “Buy”.

Keyence Stock Up 2.0%

The company’s 50 day simple moving average is $498.73 and its two-hundred day simple moving average is $459.64.

Keyence Company Profile

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.