Keyence (OTCMKTS:KYCCF) Shares Gap Up – Here’s What Happened

Keyence Corporation (OTCMKTS:KYCCF)’s share price gapped up prior to trading on Monday . The stock had previously closed at $504.99, but opened at $530.00. Keyence shares last traded at $515.02, with a volume of 449 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Zacks Research raised shares of Keyence to a “hold” rating in a research note on Tuesday, May 19th. Erste Group Bank upgraded shares of Keyence to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Keyence currently has a consensus rating of “Buy”.

Keyence Stock Up 4.2%

The firm’s 50-day simple moving average is $478.61 and its 200-day simple moving average is $429.45.

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.