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

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

Key Tronic Price Performance

Key Tronic stock opened at $3.44 on Friday. The business has a 50-day simple moving average of $4.26 and a 200 day simple moving average of $4.83. Key Tronic has a 52 week low of $3.40 and a 52 week high of $6.14. The stock has a market cap of $37.01 million, a price-to-earnings ratio of -6.04 and a beta of 1.53. The company has a quick ratio of 1.72, a current ratio of 2.57 and a debt-to-equity ratio of 0.88.

Key Tronic (NASDAQ:KTCC) last announced its earnings results on Tuesday, February 4th. The technology company reported ($0.38) earnings per share (EPS) for the quarter. Key Tronic had a negative return on equity of 3.19% and a negative net margin of 1.17%.

Institutional Investors Weigh In On Key Tronic

An institutional investor recently bought a new position in Key Tronic stock. Virtu Financial LLC purchased a new position in Key Tronic Co. (NASDAQ:KTCC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,972 shares of the technology company’s stock, valued at approximately $63,000. Virtu Financial LLC owned approximately 0.10% of Key Tronic at the end of the most recent reporting period. Institutional investors and hedge funds 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.