Keyence (OTCMKTS:KYCCF) Shares Climb 5.7% – Still a Buy?

Shares of Keyence Corporation (OTCMKTS:KYCCF) traded up 5.7% during trading on Friday. The company traded as high as $532.51 and last traded at $515.91. 563 shares were traded during trading, a decline of 86% from the average session volume of 4,054 shares. The stock had previously closed at $487.9950.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KYCCF. The Goldman Sachs Group upgraded shares of Keyence from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. Citigroup upgraded Keyence from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Keyence Price Performance

The firm’s 50-day simple moving average is $502.03 and its 200 day simple moving average is $465.57.

About Keyence

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.