TheStreet lowered shares of Key Technology Inc. (NASDAQ:KTEC) from a hold rating to a sell rating in a research note issued to investors on Friday.

Shares of Key Technology (NASDAQ:KTEC) traded up 8.93% during trading on Friday, hitting $11.22. The stock’s market cap is $71.83 million. Key Technology has a 1-year low of $6.25 and a 1-year high of $12.98. The company’s 50 day moving average price is $10.48 and its 200-day moving average price is $10.01.

Key Technology (NASDAQ:KTEC) last issued its earnings results on Thursday, November 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.09. The business had revenue of $120 million for the quarter. Key Technology had a negative net margin of 0.58% and a negative return on equity of 1.14%. On average, analysts anticipate that Key Technology will post $0.50 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its position in Key Technology by 3.0% in the third quarter. Northern Trust Corp now owns 17,714 shares of the company’s stock valued at $195,000 after buying an additional 516 shares in the last quarter. Bridgeway Capital Management Inc. boosted its position in Key Technology by 45.0% in the second quarter. Bridgeway Capital Management Inc. now owns 36,100 shares of the company’s stock valued at $332,000 after buying an additional 11,200 shares in the last quarter. Franklin Resources Inc. purchased a new position in Key Technology during the second quarter valued at $544,000. Vanguard Group Inc. boosted its position in Key Technology by 6.4% in the second quarter. Vanguard Group Inc. now owns 126,158 shares of the company’s stock valued at $1,162,000 after buying an additional 7,600 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Key Technology by 15.9% in the third quarter. Wells Fargo & Company MN now owns 179,867 shares of the company’s stock valued at $1,979,000 after buying an additional 24,615 shares in the last quarter. Institutional investors and hedge funds own 49.17% of the company’s stock.

Key Technology Company Profile

Key Technology, Inc is a producer of vegetable processing equipment. The Company 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 process automation systems that process product streams of discrete pieces.

5 Day Chart for NASDAQ:KTEC

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