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

Shares of Keyence Corporation (OTCMKTS:KYCCF) gapped up before the market opened on Wednesday. The stock had previously closed at $504.00, but opened at $532.96. Keyence shares last traded at $505.49, with a volume of 87 shares traded.

Wall Street Analyst Weigh In

KYCCF has been the subject of a number of recent analyst reports. Zacks Research raised Keyence from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Citigroup upgraded shares of Keyence from a “hold” rating to a “buy” rating in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Keyence Price Performance

The business’s 50 day simple moving average is $511.94 and its 200 day simple moving average is $477.81. The company has a market capitalization of $120.75 billion, a price-to-earnings ratio of 138.30 and a beta of 1.36.

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.