Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Key Technology (KTEC) Share Price
Headlines about Key Technology (NASDAQ:KTEC) have been trending somewhat positive on Saturday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Key Technology earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.1364646953076 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Separately, TheStreet upgraded shares of Key Technology from a “c” rating to a “b” rating in a research report on Friday, July 28th.
Shares of Key Technology (NASDAQ KTEC) traded down 2.84% during mid-day trading on Friday, reaching $17.80. 4,715 shares of the company were exchanged. The company’s 50 day moving average price is $16.03 and its 200 day moving average price is $13.98. Key Technology has a 12 month low of $9.68 and a 12 month high of $19.67. The firm has a market capitalization of $115.45 million, a PE ratio of 34.30 and a beta of 1.10.
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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.
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