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

Keyence Corporation (OTCMKTS:KYCCF) shares gapped up prior to trading on Thursday . The stock had previously closed at $467.3840, but opened at $503.3399. Keyence shares last traded at $480.00, with a volume of 287 shares traded.

Analysts Set New Price Targets

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

Keyence Stock Up 1.7%

The stock’s fifty day moving average price is $470.49 and its 200 day moving average price is $407.64.

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.