Keyence (OTCMKTS:KYCCF) Stock Price Up 6.6% - Here's Why

Key Points

• Keyence Corporation shares increased by 6.6% during trading, reaching a closing price of $385.00, despite a decrease in trading volume.
• Citigroup has downgraded Keyence shares from a "strong-buy" rating to a "hold" rating as of July 9th.
• The company's fifty-day moving average price stands at $395.87, while the 200-day moving average is $406.89.

Keyence Corporation (OTCMKTS:KYCCF - Get Free Report)'s share price rose 6.6% on Friday . The stock traded as high as $385.00 and last traded at $385.00. Approximately 2,896 shares were traded during trading, a decline of 33% from the average daily volume of 4,352 shares. The stock had previously closed at $361.31.

Analyst Ratings Changes

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

Keyence Price Performance

The business's 50-day moving average is $394.66 and its two-hundred day moving average is $406.43.

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.