Key Tronic (NASDAQ:KTCC) Earns Strong-Buy Rating from Analysts at StockNews.com

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

Key Tronic Stock Down 1.0 %

Key Tronic stock opened at $5.88 on Friday. Key Tronic has a 52 week low of $3.60 and a 52 week high of $6.14. The stock has a market cap of $63.27 million, a price-to-earnings ratio of -578.00 and a beta of 1.51. The company’s 50-day moving average price is $5.51 and its two-hundred day moving average price is $4.60. The company has a current ratio of 2.77, a quick ratio of 1.76 and a debt-to-equity ratio of 0.94.

Key Tronic (NASDAQ:KTCC) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.10 EPS for the quarter. The company had revenue of $131.56 million for the quarter.

Hedge Funds Weigh In On Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. lifted its stake in Key Tronic Co. (NASDAQ:KTCC) by 0.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 447,475 shares of the technology company’s stock after acquiring an additional 3,848 shares during the period. Vanguard Group Inc. owned 4.16% of Key Tronic worth $2,085,000 at the end of the most recent reporting period. 40.69% of the stock is currently 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.