Key Tronic (NASDAQ:KTCC) Posts Quarterly Earnings Results

Key Tronic (NASDAQ:KTCC) announced its earnings results on Thursday. The technology company reported ($0.26) earnings per share for the quarter, FiscalAI reports. The business had revenue of $102.03 million for the quarter. Key Tronic had a negative return on equity of 7.24% and a negative net margin of 4.40%.

Key Tronic Stock Performance

Key Tronic stock traded up $0.12 during mid-day trading on Thursday, reaching $3.85. 121,376 shares of the company were exchanged, compared to its average volume of 15,777. The firm has a market cap of $41.81 million, a PE ratio of -2.41 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 2.06. Key Tronic has a twelve month low of $2.40 and a twelve month high of $4.42. The firm’s 50-day simple moving average is $3.95 and its two-hundred day simple moving average is $3.37.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Key Tronic in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Key Tronic

Institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new stake in shares of Key Tronic during the 2nd quarter worth approximately $57,000. Goldman Sachs Group Inc. raised its holdings in Key Tronic by 65.9% during the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock worth $61,000 after purchasing an additional 9,327 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Key Tronic during the second quarter worth $95,000. BlackRock Inc. acquired a new stake in Key Tronic in the second quarter valued at $533,000. Finally, Moors & Cabot Inc. grew its holdings in Key Tronic by 27.8% in the third quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock valued at $582,000 after purchasing an additional 35,400 shares during the last quarter. 40.69% of the stock is owned by institutional investors and hedge funds.

Key Tronic Company Profile

Key Tronic Corporation (NASDAQ: KTCC) is a global electronics manufacturer headquartered in Spokane, Washington. The company specializes in the design, development and production of human-machine interfaces and input devices, with a core legacy in keyboard technology. Over more than five decades, Key Tronic has expanded its capabilities beyond keyboards to encompass a broad range of electronic assemblies for OEMs across computing, industrial, medical and consumer markets.

Key Tronic’s product portfolio includes membrane and mechanical keyboards, touch panels, silicone keypads and custom input solutions tailored to customer specifications.