Key Tronic (NASDAQ:KTCC) Announces Quarterly Earnings Results

Key Tronic (NASDAQ:KTCC) released its earnings results on Tuesday. The technology company reported ($0.12) earnings per share for the quarter, Zacks reports. Key Tronic had a negative net margin of 1.78% and a negative return on equity of 6.22%.

Key Tronic Stock Performance

Shares of KTCC stock traded up $0.04 during trading hours on Tuesday, reaching $3.41. 6,394 shares of the company’s stock were exchanged, compared to its average volume of 32,852. Key Tronic has a fifty-two week low of $2.21 and a fifty-two week high of $6.11. The stock has a market capitalization of $36.74 million, a P/E ratio of -4.37 and a beta of 1.05. The business has a fifty day moving average price of $3.32 and a 200-day moving average price of $2.99. The company has a quick ratio of 1.49, a current ratio of 2.55 and a debt-to-equity ratio of 0.85.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Key Tronic stock. Goldman Sachs Group Inc. raised its holdings in shares of Key Tronic Corporation (NASDAQ:KTCC) by 65.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,480 shares of the technology company’s stock after buying an additional 9,327 shares during the quarter. Goldman Sachs Group Inc. owned about 0.22% of Key Tronic worth $61,000 as of its most recent SEC filing. 40.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Key Tronic in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Key Tronic presently has an average rating of “Sell”.

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.