Key Technology, Inc. (NASDAQ:KTEC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $15.92 and last traded at $15.95, with a volume of 14,233 shares changing hands. The stock had previously closed at $15.12.

Separately, TheStreet upgraded shares of Key Technology from a “c” rating to a “b” rating in a research note on Friday, July 28th.

The company has a market capitalization of $101.05 million, a PE ratio of 30.02 and a beta of 1.04. The company’s 50-day moving average is $14.07 and its 200-day moving average is $13.38.

Several institutional investors have recently made changes to their positions in KTEC. Wellington Management Group LLP raised 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 purchasing an additional 37,375 shares in the last quarter. Renaissance Technologies LLC raised 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 purchasing an additional 7,889 shares in the last quarter. Dimensional Fund Advisors LP raised 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 purchasing an additional 2,609 shares in the last quarter. Vanguard Group Inc. raised 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 purchasing an additional 2,030 shares in the last quarter. Finally, Northern Trust Corp raised 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 purchasing an additional 783 shares in the last quarter. 44.56% of the stock is owned by institutional investors.

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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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