Keyence (OTCMKTS:KYCCF) Sees Large Volume Increase – Still a Buy?

Shares of Keyence Corporation (OTCMKTS:KYCCF) saw unusually-strong trading volume on Friday . Approximately 3,731 shares changed hands during mid-day trading, a decline of 26% from the previous session’s volume of 5,014 shares.The stock last traded at $460.00 and had previously closed at $457.50.

Analyst Ratings Changes

KYCCF has been the subject of a number of analyst reports. Erste Group Bank upgraded Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group upgraded 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 report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Keyence currently has a consensus rating of “Moderate Buy”.

Keyence Stock Performance

The firm has a 50 day moving average of $452.92 and a 200 day moving average of $399.36.

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.