Keyence (OTCMKTS:KYCCF) Stock Price Up 6.1% – Still a Buy?

Keyence Corporation (OTCMKTS:KYCCF) shot up 6.1% during trading on Monday . The stock traded as high as $545.00 and last traded at $544.99. 262 shares traded hands during trading, a decline of 94% from the average session volume of 4,293 shares. The stock had previously closed at $513.65.

Wall Street Analyst Weigh In

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

Keyence Stock Up 1.4%

The business has a 50 day simple moving average of $497.30 and a two-hundred day simple moving average of $451.45.

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.