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

StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC) in a note issued to investors on Tuesday. The brokerage set a “strong-buy” rating on the technology company’s stock.

Key Tronic Stock Performance

NASDAQ KTCC opened at $4.23 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.57 and a quick ratio of 1.72. Key Tronic has a 1-year low of $3.60 and a 1-year high of $6.14. The firm has a market capitalization of $45.52 million, a P/E ratio of -423.00 and a beta of 1.54. The business’s 50-day simple moving average is $5.21 and its 200-day simple moving average is $4.82.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Key Tronic stock. Geode Capital Management LLC increased its stake in Key Tronic Co. (NASDAQ:KTCC) by 8.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,778 shares of the technology company’s stock after buying an additional 7,636 shares during the quarter. Geode Capital Management LLC owned about 0.87% of Key Tronic worth $537,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 40.69% of the company’s stock.

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.