Key Technology Inc. (KTEC) Shares Gap Up to $10.64
Shares of Key Technology Inc. (NASDAQ:KTEC) gapped up before the market opened on Tuesday . The stock had previously closed at $10.50, but opened at $10.64. Key Technology shares last traded at $12.30, with a volume of 10,894 shares traded.
Separately, TheStreet upgraded Key Technology from a “sell” rating to a “hold” rating in a research report on Monday, August 8th.
The firm’s market capitalization is $78.74 million. The firm has a 50 day moving average of $9.63 and a 200-day moving average of $8.40.
Key Technology (NASDAQ:KTEC) last announced its earnings results on Thursday, July 28th. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.05. Analysts predict that Key Technology Inc. will post ($0.02) EPS for the current year.
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.
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