Moors & Cabot Inc. Purchases 27,000 Shares of Key Tronic Corporation $KTCC

Moors & Cabot Inc. lifted its position in shares of Key Tronic Corporation (NASDAQ:KTCC) by 26.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,550 shares of the technology company’s stock after purchasing an additional 27,000 shares during the period. Moors & Cabot Inc.’s holdings in Key Tronic were worth $365,000 as of its most recent SEC filing.

Separately, Goldman Sachs Group Inc. increased its holdings in Key Tronic by 65.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after purchasing an additional 9,327 shares during the period. Institutional investors own 40.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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 data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Key Tronic Trading Up 0.7%

NASDAQ:KTCC opened at $2.92 on Friday. The company has a 50-day moving average price of $3.32 and a 200-day moving average price of $3.00. The stock has a market cap of $31.46 million, a price-to-earnings ratio of -3.74 and a beta of 0.99. The company has a current ratio of 2.55, a quick ratio of 1.49 and a debt-to-equity ratio of 0.85. Key Tronic Corporation has a 12 month low of $2.21 and a 12 month high of $6.07.

Key Tronic (NASDAQ:KTCC) last released its quarterly earnings results on Wednesday, August 27th. The technology company reported ($0.36) earnings per share (EPS) for the quarter. Key Tronic had a negative return on equity of 6.22% and a negative net margin of 1.78%.The company had revenue of $110.49 million during the quarter.

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.