Insider Selling: Key Tronic (NASDAQ:KTCC) CEO Sells $11,029.61 in Stock

Key Tronic Corporation (NASDAQ:KTCC) CEO Brett Larsen sold 2,957 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $3.73, for a total value of $11,029.61. Following the completion of the transaction, the chief executive officer directly owned 28,284 shares in the company, valued at $105,499.32. This trade represents a 9.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Key Tronic Stock Down 9.1%

Shares of NASDAQ KTCC traded down $0.25 on Monday, hitting $2.51. The company had a trading volume of 34,883 shares, compared to its average volume of 17,757. The firm has a market capitalization of $27.26 million, a P/E ratio of -0.57 and a beta of 1.19. The company has a quick ratio of 1.21, a current ratio of 2.06 and a debt-to-equity ratio of 0.95. Key Tronic Corporation has a 12-month low of $2.40 and a 12-month high of $4.42. The business has a 50 day moving average of $3.93 and a two-hundred day moving average of $3.38.

Key Tronic (NASDAQ:KTCC) last released its quarterly earnings results on Thursday, August 27th. The technology company reported ($0.26) earnings per share for the quarter. The company had revenue of $102.03 million during the quarter. Key Tronic had a negative return on equity of 6.42% and a negative net margin of 12.36%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Key Tronic

Several hedge funds and other institutional investors have recently modified their holdings of KTCC. Susquehanna International Group LLP acquired a new stake in shares of Key Tronic in the 2nd quarter valued at about $57,000. Tieton Capital Management LLC bought a new position in shares of Key Tronic during the second quarter worth about $3,143,000. BlackRock Inc. acquired a new position in Key Tronic in the second quarter worth about $533,000. Bank of New York Mellon Corp acquired a new position in Key Tronic in the second quarter worth about $95,000. Finally, Sei Investments Co. increased its holdings in Key Tronic by 105.7% in the first quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock valued at $944,000 after buying an additional 177,591 shares during the last quarter. Institutional investors own 40.69% of the company’s stock.

About Key Tronic

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.