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

StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report released on Thursday. The firm issued a buy rating on the technology company’s stock.

Key Tronic Stock Performance

Shares of KTCC opened at $4.50 on Thursday. The company’s 50 day simple moving average is $4.00 and its 200-day simple moving average is $4.32. The firm has a market cap of $48.43 million, a PE ratio of 225.00 and a beta of 1.49. Key Tronic has a 12-month low of $3.60 and a 12-month high of $5.14. The company has a current ratio of 2.80, a quick ratio of 1.75 and a debt-to-equity ratio of 0.94.

Institutional Investors Weigh In On Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. lifted its stake in shares of Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 447,475 shares of the technology company’s stock after purchasing an additional 3,848 shares during the quarter. Vanguard Group Inc. owned about 4.16% of Key Tronic worth $2,085,000 at the end of the most recent quarter. 40.69% of the stock is currently owned by institutional investors and hedge funds.

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.