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

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

Key Tronic Stock Performance

NASDAQ:KTCC opened at $2.46 on Tuesday. The stock has a market cap of $26.47 million, a P/E ratio of -4.32 and a beta of 1.38. The stock has a 50 day simple moving average of $2.61 and a 200 day simple moving average of $3.99. The company has a current ratio of 2.78, a quick ratio of 1.71 and a debt-to-equity ratio of 0.89. Key Tronic has a 1-year low of $2.21 and a 1-year high of $6.14.

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

Hedge Funds Weigh In On Key Tronic

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KTCC. Geode Capital Management LLC raised its holdings in Key Tronic by 8.9% in the 3rd quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock valued at $537,000 after acquiring an additional 7,636 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Key Tronic during the 3rd quarter worth $63,000. Tieton Capital Management LLC raised its holdings in shares of Key Tronic by 23.1% during the 4th quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock worth $3,124,000 after buying an additional 140,573 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Key Tronic by 63.5% during the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after buying an additional 37,000 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its holdings in shares of 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 buying an additional 12,023 shares in the last quarter. 40.69% of the stock is owned by institutional investors and hedge funds.

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.