Key Tronic (NASDAQ:KTCC) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report issued to clients and investors on Friday. The firm set a “strong-buy” rating on the technology company’s stock.

Key Tronic Stock Performance

Shares of KTCC stock opened at $3.63 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.72 and a current ratio of 2.57. Key Tronic has a 1 year low of $3.60 and a 1 year high of $6.14. The stock’s 50-day moving average is $4.53 and its two-hundred day moving average is $4.84. The firm has a market cap of $39.06 million, a price-to-earnings ratio of -363.00 and a beta of 1.54.

Key Tronic (NASDAQ:KTCC) last issued 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

An institutional investor recently bought a new position in Key Tronic stock. Virtu Financial LLC acquired a new stake in Key Tronic Co. (NASDAQ:KTCC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,972 shares of the technology company’s stock, valued at approximately $63,000. Virtu Financial LLC owned 0.10% of Key Tronic as of its most recent SEC filing. Institutional investors and hedge funds 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.