Keyence (OTCMKTS:KYCCF) Stock Price Up 8.3% – Here’s Why

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

Analyst Ratings Changes

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

Keyence Stock Up 4.4%

The company has a fifty day moving average of $494.48 and a two-hundred day moving average of $446.79.

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.