Keyence (OTCMKTS:KYCCF) Shares Gap Up - Still a Buy?

Key Points

• Keyence Corporation's stock price experienced a significant jump, starting at $435.59 after opening, up from a previous close of $379.05.
• Analysts at Citigroup downgraded Keyence shares from a "strong-buy" to a "hold" rating as of July 9th.
• The company's stock has a 50-day moving average of $399.61 and a 200-day moving average of $407.56.

Shares of Keyence Corporation (OTCMKTS:KYCCF - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $379.05, but opened at $435.59. Keyence shares last traded at $379.00, with a volume of 161 shares traded.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of Keyence from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th.

Keyence Trading Up 4.1%

The stock's fifty day moving average is $395.14 and its two-hundred day moving average is $406.75.

Keyence Company Profile

Keyence Corporation, together with its subsidiaries, engages in the development, manufacture, and sale of factory automation solutions in Japan, China, the United States, and internationally. The company offers photoelectric, fiber optic, laser, positioning, vision, specific solution, and inductive proximity sensors, as well as network communication units.