Key Tronic (NASDAQ:KTCC) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report issued on Friday. The firm set a “buy” rating on the technology company’s stock.

Key Tronic Stock Performance

NASDAQ:KTCC opened at $4.67 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.80 and a quick ratio of 1.75. Key Tronic has a 1 year low of $3.60 and a 1 year high of $5.14. The stock’s 50 day simple moving average is $4.08 and its two-hundred day simple moving average is $4.31. The company has a market cap of $50.26 million, a price-to-earnings ratio of 233.50 and a beta of 1.51.

Key Tronic (NASDAQ:KTCC) last released its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.11 earnings per share (EPS) for the quarter. Key Tronic had a positive return on equity of 0.28% and a negative net margin of 0.14%. The business had revenue of $125.69 million for the quarter.

Institutional Trading of Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. grew its position in Key Tronic Co. (NASDAQ:KTCC) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 447,475 shares of the technology company’s stock after acquiring an additional 3,848 shares during the quarter. Vanguard Group Inc. owned 4.16% of Key Tronic worth $2,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 40.69% of the stock is owned by institutional investors.

About Key Tronic

Key Tronic Corporation provides contract manufacturing services to original equipment manufacturers in the United States and internationally. The company offers integrated electronic and mechanical engineering, assembly, sourcing and procurement, logistics, and new product testing services. Its services include product design; surface mount technologies and pin through hole capability for printed circuit board assembly; tool making; precision plastic molding; sheet metal fabrication and painting; liquid injection molding; complex assembly; prototype design; and full product assembly services.