Key Technology, Inc. (NASDAQ:KTEC)’s share price reached a new 52-week high on Monday . The stock traded as high as $14.50 and last traded at $14.30, with a volume of 37,272 shares changing hands. The stock had previously closed at $12.99.
The firm has a market capitalization of $92.75 million, a P/E ratio of 67.77 and a beta of 1.05. The firm’s 50-day moving average is $13.30 and its 200-day moving average is $13.04.
An institutional investor recently raised its position in Key Technology stock. Renaissance Technologies LLC raised its stake in shares of Key Technology, Inc. (NASDAQ:KTEC) by 7.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,289 shares of the industrial products company’s stock after buying an additional 7,889 shares during the period. Renaissance Technologies LLC owned about 1.68% of Key Technology worth $1,436,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 44.88% of the company’s stock.
Key Technology Company Profile
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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