Key Technology major shareholder Leslie J. Schreyer Buys 12,357 Shares (KTEC)
Key Technology (NASDAQ:KTEC) major shareholder Leslie J. Schreyer acquired 12,357 shares of the stock on the open market in a transaction that occurred on Friday, June 27th. The shares were purchased at an average price of $12.00 per share, with a total value of $148,284.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Key Technology (NASDAQ:KTEC) traded up 0.82% during mid-day trading on Monday, hitting $12.32. The stock had a trading volume of 563 shares. Key Technology has a 52 week low of $10.75 and a 52 week high of $15.50. The stock’s 50-day moving average is $11.82 and its 200-day moving average is $12.86. The company’s market cap is $77.6 million.
Key Technology (NASDAQ:KTEC) last announced its earnings results on Thursday, April 24th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.10 by $0.05. The company had revenue of $31.60 million for the quarter, compared to the consensus estimate of $31.25 million. On average, analysts predict that Key Technology will post $-0.38 earnings per share for the current fiscal year.
Separately, analysts at Sidoti downgraded shares of Key Technology from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 11th.
Key Technology, Inc (NASDAQ:KTEC) is a global supplier of process automation solutions to the food processing industry and other industries, such as tobacco and pharmaceuticals.
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