Keyence (OTCMKTS:KYCCF) Shares Gap Up – Here’s What Happened

Keyence Corporation (OTCMKTS:KYCCF)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $506.00, but opened at $543.30. Keyence shares last traded at $507.28, with a volume of 52 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup raised Keyence from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Keyence Price Performance

The stock has a market capitalization of $125.81 billion, a price-to-earnings ratio of 144.09 and a beta of 1.32. The firm’s fifty day moving average is $505.55 and its 200-day moving average is $468.10.

Keyence Company Profile

Keyence Corporation is a Japan-based provider of factory automation and industrial technology products. The company develops and sells sensors, measuring instruments, machine-vision systems, barcode readers, laser markers, microscopes and related control and inspection equipment used in manufacturing and other industrial applications.

Keyence’s products are designed to help manufacturers automate production processes, inspect parts, identify products, measure dimensions and improve quality control.