Shares of Key Technology, Inc. (NASDAQ:KTEC) reached a new 52-week high on Monday . The company traded as high as $14.50 and last traded at $14.30, with a volume of 37,272 shares. The stock had previously closed at $12.99.
Separately, TheStreet raised shares of Key Technology from a “c” rating to a “b” rating in a research note on Friday, July 28th.
The company has a 50-day moving average price of $13.71 and a 200-day moving average price of $13.25. The stock has a market capitalization of $91.13 million, a PE ratio of 27.07 and a beta of 1.06.
Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in 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 valued at $2,917,000 after buying an additional 2,609 shares during the last quarter. Vanguard Group Inc. boosted its stake in Key Technology by 1.5% in the second quarter. Vanguard Group Inc. now owns 138,546 shares of the industrial products company’s stock valued at $1,905,000 after buying an additional 2,030 shares during the last quarter. Northern Trust Corp boosted its stake in Key Technology by 4.1% in the second quarter. Northern Trust Corp now owns 19,783 shares of the industrial products company’s stock valued at $272,000 after buying an additional 783 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Key Technology by 7.9% in the first quarter. Renaissance Technologies LLC now owns 108,289 shares of the industrial products company’s stock valued at $1,436,000 after buying an additional 7,889 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in 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 valued at $4,677,000 after buying an additional 37,375 shares during the last quarter. Hedge funds and other institutional investors own 44.89% 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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