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

StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note published on Friday. The firm issued a strong-buy rating on the technology company’s stock.

Key Tronic Stock Performance

Shares of Key Tronic stock opened at $2.56 on Friday. The firm has a market cap of $27.55 million, a PE ratio of -4.49 and a beta of 1.52. The company has a quick ratio of 1.71, a current ratio of 2.78 and a debt-to-equity ratio of 0.89. Key Tronic has a 52 week low of $2.50 and a 52 week high of $6.14. The business’s fifty day simple moving average is $3.17 and its 200-day simple moving average is $4.50.

Key Tronic (NASDAQ:KTCC) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.38) EPS for the quarter. Key Tronic had a negative net margin of 1.17% and a negative return on equity of 3.23%.

Institutional Trading of Key Tronic

Institutional investors have recently added to or reduced their stakes in the stock. Tieton Capital Management LLC lifted its stake in Key Tronic by 23.1% during the fourth quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock worth $3,124,000 after purchasing an additional 140,573 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Key Tronic by 63.5% in the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after buying an additional 37,000 shares during the period. Northern Trust Corp raised its holdings in shares of Key Tronic by 59.3% in the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after buying an additional 19,513 shares during the period. Kennedy Capital Management LLC lifted its stake in Key Tronic by 9.3% during the 4th quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock worth $591,000 after acquiring an additional 12,023 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Key Tronic during the 3rd quarter valued at about $63,000. 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.