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

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

Key Tronic Trading Up 0.2 %

Shares of KTCC stock opened at $5.61 on Thursday. Key Tronic has a 52-week low of $3.60 and a 52-week high of $6.14. The business’s fifty day moving average is $5.72 and its 200 day moving average is $4.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.72 and a current ratio of 2.57. The company has a market capitalization of $60.36 million, a PE ratio of -561.00 and a beta of 1.51.

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

Hedge Funds Weigh In On Key Tronic

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Key Tronic by 0.9% in the first quarter. Vanguard Group Inc. now owns 447,475 shares of the technology company’s stock worth $2,085,000 after acquiring an additional 3,848 shares in the last quarter. Geode Capital Management LLC lifted its stake in Key Tronic by 8.9% during the third quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock worth $537,000 after purchasing an additional 7,636 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Key Tronic in the 3rd quarter worth about $63,000. Institutional investors own 40.69% of the company’s stock.

Key Tronic Company Profile

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.