Key Tronic (NASDAQ:KTCC) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Key Tronic Corporation (NASDAQ:KTCC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.82 and traded as high as $3.35. Key Tronic shares last traded at $3.30, with a volume of 12,905 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Key Tronic in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Key Tronic Trading Up 1.9%

The firm has a market cap of $35.84 million, a PE ratio of -2.06 and a beta of 1.16. The business has a 50-day moving average price of $2.91 and a two-hundred day moving average price of $2.82. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.06 and a quick ratio of 1.21.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Moors & Cabot Inc. increased its position in shares of 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 buying an additional 35,400 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Key Tronic by 65.9% in the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after buying an additional 9,327 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Key Tronic by 105.7% during the first quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock valued at $944,000 after acquiring an additional 177,591 shares during the last quarter. Hedge funds and other institutional investors own 40.69% of the company’s stock.

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.