TheStreet upgraded shares of Key Technology, Inc. (NASDAQ:KTEC) from a c rating to a b rating in a research report sent to investors on Friday.

Key Technology (KTEC) traded up 4.06% during trading on Friday, hitting $14.88. The stock had a trading volume of 20,082 shares. Key Technology has a 1-year low of $8.92 and a 1-year high of $15.59. The company has a market capitalization of $96.51 million, a P/E ratio of 70.52 and a beta of 1.05. The stock’s 50-day moving average price is $13.34 and its 200-day moving average price is $13.07.

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An institutional investor recently raised its position in Key Technology stock. Renaissance Technologies LLC boosted its position in Key Technology, Inc. (NASDAQ:KTEC) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,289 shares of the industrial products company’s stock after buying an additional 7,889 shares during the period. Renaissance Technologies LLC owned about 1.68% of Key Technology worth $1,436,000 at the end of the most recent quarter. 44.88% of the stock is currently owned by institutional investors and hedge funds.

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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