Keyence (OTCMKTS:KYCCF) Trading 4.8% Higher – Here’s Why

Keyence Corporation (OTCMKTS:KYCCF)’s stock price traded up 4.8% during trading on Thursday . The company traded as high as $521.97 and last traded at $516.04. Approximately 960 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 4,187 shares. The stock had previously closed at $492.38.

Analyst Ratings Changes

KYCCF has been the topic of several recent research reports. Citigroup upgraded shares of Keyence from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Research raised Keyence to a “hold” rating in a research note on Tuesday, May 19th. Finally, The Goldman Sachs Group upgraded Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Keyence currently has an average rating of “Buy”.

Keyence Stock Down 1.0%

The company’s 50 day moving average price is $499.71 and its two-hundred day moving average price is $458.68.

About Keyence

Keyence Corporation is a Japanese technology company that develops and supplies factory-automation and industrial-measurement equipment. Its products are used by manufacturers to detect, inspect, measure and control production processes across a range of industries.

The company’s product portfolio includes sensors, machine-vision systems, measuring instruments, industrial microscopes, barcode readers, laser markers, programmable logic controllers and related automation solutions. Keyence also provides application support and technical assistance to help customers integrate its equipment into manufacturing operations.

Founded in Japan in 1974, Keyence has expanded its operations internationally and serves customers through offices and sales organizations in markets across Asia, North America, Europe and other regions.