Key Technology (KTEC) Releases Earnings Results

Key Technology (NASDAQ:KTEC) announced its quarterly earnings results on Thursday, November 16th. The industrial products company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.14, Bloomberg Earnings reports. Key Technology had a net margin of 2.88% and a return on equity of 6.32%. The business had revenue of $40.55 million for the quarter.

Shares of Key Technology (NASDAQ:KTEC) traded down $0.22 during trading on Friday, hitting $16.75. 17,099 shares of the stock were exchanged, compared to its average volume of 14,793. The company has a market capitalization of $108.66, a PE ratio of 27.02 and a beta of 1.03. Key Technology has a 52 week low of $11.08 and a 52 week high of $19.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 2.19.

A hedge fund recently raised its stake in Key Technology stock. Vanguard Group Inc. boosted its stake in Key Technology, Inc. (NASDAQ:KTEC) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,546 shares of the industrial products company’s stock after acquiring an additional 2,030 shares during the period. Vanguard Group Inc. owned 2.14% of Key Technology worth $1,905,000 at the end of the most recent quarter. 47.15% of the stock is currently owned by institutional investors.

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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.

Earnings History for Key Technology (NASDAQ:KTEC)

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