Key Tronic Corp. (KTCC) Upgraded to “Hold” by Zacks Investment Research
According to Zacks, “KEY TRONIC CORP. and its subsidiaries are principally engaged in the design, development, and manufacture of input devices, primarily keyboards, for personal computers, terminals, and workstations. “
Separately, B. Riley reissued a buy rating and issued a $9.25 price target on shares of Key Tronic Corp. in a report on Saturday, November 5th.
Key Tronic Corp. (NASDAQ:KTCC) traded up 0.66% during midday trading on Wednesday, hitting $7.65. 16,904 shares of the company traded hands. The company has a market cap of $82.30 billion, a PE ratio of 11.42 and a beta of 0.69. Key Tronic Corp. has a 12-month low of $6.09 and a 12-month high of $8.97. The stock has a 50 day moving average price of $7.64 and a 200-day moving average price of $7.59.
A number of hedge funds have recently bought and sold shares of KTCC. Adirondack Research & Management Inc. increased its stake in Key Tronic Corp. by 40.2% in the third quarter. Adirondack Research & Management Inc. now owns 93,744 shares of the company’s stock valued at $698,000 after buying an additional 26,900 shares during the last quarter. Northern Trust Corp increased its stake in Key Tronic Corp. by 23.9% in the third quarter. Northern Trust Corp now owns 35,012 shares of the company’s stock valued at $261,000 after buying an additional 6,758 shares during the last quarter. Emerald Acquisition Ltd. increased its stake in Key Tronic Corp. by 25.6% in the third quarter. Emerald Acquisition Ltd. now owns 18,180 shares of the company’s stock valued at $135,000 after buying an additional 3,701 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp bought a new stake in Key Tronic Corp. during the third quarter valued at about $164,000. Finally, TFS Capital LLC bought a new stake in Key Tronic Corp. during the second quarter valued at about $128,000. Hedge funds and other institutional investors own 42.31% of the company’s stock.
Key Tronic Corp. Company Profile
Key Tronic Corporation is engaged in providing electronic manufacturing services and solutions for original equipment manufacturers (OEMs). The Company also manufactures keyboards and other input devices. The Company provides engineering services, procurement and distribution across the world, materials management, world-class manufacturing and assembly services, in-house testing and unparalleled customer service.
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