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

Keyence Corporation (OTCMKTS:KYCCF)’s stock price 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 trading hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Zacks Research raised Keyence from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Citigroup raised shares of Keyence from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, Keyence presently has a consensus rating of “Strong Buy”.

Keyence Trading Down 1.2%

The company’s 50-day moving average price is $511.94 and its two-hundred day moving average price is $477.81. The company has a market cap of $120.75 billion, a P/E 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.