Keyence (OTCMKTS:KYCCF) Trading 8.3% Higher – Time to Buy?

Shares of Keyence Corporation (OTCMKTS:KYCCF) rose 8.3% during trading on Tuesday . The company traded as high as $534.50 and last traded at $534.50. Approximately 1,207 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 4,338 shares. The stock had previously closed at $493.75.

Analyst Ratings Changes

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

Keyence Price Performance

The stock’s 50-day moving average price is $496.13 and its two-hundred day moving average price is $449.15.

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.