Lowest Beta in the Industrial Machinery Industry Detected in Shares of Key Technology (KTEC, EML, GENC, TAYD, WSCI)
Below are the three companies in the Industrial Machinery industry with the lowest betas. Lower-beta stocks mean minimal volatility and are therefore generally considered to be a less risk and offer more stable returns.
Key Technology ranks lowest with a a beta of 0.4. Eastern is next with a a beta of 0.4. Gencor Industries ranks third lowest with a a beta of 0.6.
Taylor Devices follows with a a beta of 0.6, and WSI Industries rounds out the bottom five with a a beta of 0.7.
SmarTrend recommended that subscribers consider buying shares of Key Technology on April 13th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $8.31. Since that recommendation, shares of Key Technology have risen 29.4%. We continue to monitor Key Technology for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest beta key technology amex:eml eastern gencor industries taylor devices wsi industries