Keyence (OTCMKTS:KYCCF) Shares Gap Up – Should You Buy?

Keyence Corporation (OTCMKTS:KYCCF)’s share price gapped up prior to trading on Friday . The stock had previously closed at $485.21, but opened at $529.10. Keyence shares last traded at $518.76, with a volume of 85 shares traded.

Analysts Set New Price Targets

Several research firms recently weighed in on KYCCF. Erste Group Bank upgraded Keyence to a “strong-buy” rating in a research note on Tuesday, May 12th. Zacks Research upgraded Keyence to a “hold” rating in a research note on Tuesday, May 19th. Finally, The Goldman Sachs Group upgraded Keyence from a “hold” rating to a “buy” rating in a research note on Thursday. One research 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 stock. According to data from MarketBeat.com, Keyence presently has an average rating of “Moderate Buy”.

Keyence Stock Performance

The company’s 50-day moving average is $428.44 and its 200 day moving average is $389.85.

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.