Keyence (OTCMKTS:KYCCF) Shares Gap Up – What’s Next?

Keyence Corporation (OTCMKTS:KYCCF)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $552.01, but opened at $572.71. Keyence shares last traded at $549.5920, with a volume of 238 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KYCCF. Erste Group Bank upgraded shares of Keyence to a “strong-buy” rating in a research note on Tuesday, May 12th. The Goldman Sachs Group raised shares of Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Finally, Zacks Research upgraded Keyence to a “hold” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.

Keyence Trading Down 1.0%

The stock’s 50 day simple moving average is $488.33 and its 200 day simple moving average is $440.92.

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.