News stories about Key Technology (NASDAQ:KTEC) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Key Technology earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 45.8039835257015 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Separately, TheStreet upgraded Key Technology from a “c” rating to a “b” rating in a report on Friday, July 28th.
Shares of Key Technology (NASDAQ KTEC) traded up 4.37% during midday trading on Tuesday, hitting $16.47. The company’s stock had a trading volume of 24,896 shares. The company has a 50-day moving average price of $14.64 and a 200 day moving average price of $13.52. Key Technology has a 1-year low of $9.68 and a 1-year high of $17.36. The company has a market cap of $106.82 million, a P/E ratio of 31.73 and a beta of 1.04.
About Key Technology
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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