Keyence (OTCMKTS:KYCCF) Reaches New 12-Month High – Time to Buy?

Shares of Keyence Corporation (OTCMKTS:KYCCF) reached a new 52-week high on Wednesday . The company traded as high as $578.63 and last traded at $538.75, with a volume of 408 shares traded. The stock had previously closed at $532.7060.

Wall Street Analysts Forecast Growth

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

Keyence Price Performance

The business has a 50-day moving average price of $485.29 and a two-hundred day moving average price of $437.34.

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.