Key Technology, Inc. (NASDAQ:KTEC) Raised to B at TheStreet

TheStreet upgraded shares of Key Technology, Inc. (NASDAQ:KTEC) from a c rating to a b rating in a research note published on Friday, July 28th.

Shares of Key Technology (NASDAQ KTEC) opened at 13.99 on Friday. Key Technology has a 1-year low of $8.92 and a 1-year high of $15.59. The company has a 50 day moving average of $13.72 and a 200 day moving average of $13.25. The firm has a market cap of $90.74 million, a price-to-earnings ratio of 26.96 and a beta of 1.06.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in shares of Key Technology by 11.9% in the first quarter. Wellington Management Group LLP now owns 352,707 shares of the industrial products company’s stock worth $4,677,000 after buying an additional 37,375 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Key Technology by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 212,123 shares of the industrial products company’s stock worth $2,917,000 after buying an additional 2,609 shares during the period. Vanguard Group Inc. increased its position in shares of Key Technology by 1.5% in the second quarter. Vanguard Group Inc. now owns 138,546 shares of the industrial products company’s stock worth $1,905,000 after buying an additional 2,030 shares during the period. Northern Trust Corp increased its position in shares of Key Technology by 4.1% in the second quarter. Northern Trust Corp now owns 19,783 shares of the industrial products company’s stock worth $272,000 after buying an additional 783 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Key Technology by 7.9% in the first quarter. Renaissance Technologies LLC now owns 108,289 shares of the industrial products company’s stock worth $1,436,000 after buying an additional 7,889 shares during the period. 44.89% of the stock is owned by institutional investors.

About Key Technology

Key Technology, Inc is a supplier of process automation solutions to the food processing industry and other industries, such as tobacco and pharmaceuticals. The Company designs, manufactures, sells and services automation equipment that processes product streams of discrete pieces. These systems integrate electro-optical automated inspection and digital sorting systems with other processing systems that include specialized conveying and preparation equipment.

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