Revenue Update on Key Technology(NASDAQ:KTEC)

Key Technology(NASDAQ:KTEC) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $36.21M. Analysts estimated a revenue of $33.40M. Earnings per share were $0.16. Analysts had estimated an EPS of $0.11.

Key Technology (KTEC) made into the market gainers list on Thursdays trading session with the shares advancing 0.51% or 0.05 points. Due to strong positive momentum, the stock ended at $9.8, which is also near the day’s high of $9.8. The stock began the session at $9.75 and the volume stood at 3,002 shares. The 52-week high of the shares is $13.16 and the 52 week low is $6.25. The company has a current market capitalization of $62 M and it has 63,08,120 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 11, 2015, Capital Partners Llc Piton (10% owner) purchased 5,379 shares at $10.40 per share price.Also, On May 12, 2015, Holdings Llc M3c (10% owner) purchased 6,000 shares at $12.93 per share price.On Apr 27, 2015, Leslie J Schreyer (10% owner) purchased 2,202 shares at $12.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Key Technology Inc. is a producer of vegetable processing equipment. The Company 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 process automation systems that process product streams of discrete pieces. These systems integrate electro-optical automated inspection and sorting systems with process systems that include specialized conveying and preparation equipment. The Company provides parts and service for each of its product lines to customers throughout the world. The Company’s products are automated inspection systems and process systems. The Company’s automated inspection systems are used in a range of applications to detect and remove defects in foreign material from the product stream and help processors improve quality and increase the value of their end product.

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