Key Tronic (NASDAQ:KTCC) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a report released on Monday morning. The brokerage issued a buy rating on the technology company’s stock.

Key Tronic Price Performance

Shares of KTCC stock opened at $4.52 on Monday. Key Tronic has a 52-week low of $3.72 and a 52-week high of $7.02. The stock has a market cap of $48.64 million, a PE ratio of 11.02 and a beta of 1.43. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.59 and a current ratio of 2.64. The firm’s 50 day moving average price is $4.71 and its two-hundred day moving average price is $4.35.

Key Tronic (NASDAQ:KTCC) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Key Tronic had a net margin of 0.72% and a return on equity of 3.41%. The firm had revenue of $145.42 million for the quarter.

Hedge Funds Weigh In On Key Tronic

Hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC bought a new position in shares of Key Tronic during the fourth quarter worth $54,000. State Street Corp bought a new position in shares of Key Tronic during the first quarter worth $66,000. O Shaughnessy Asset Management LLC bought a new position in shares of Key Tronic during the first quarter worth $87,000. Renaissance Technologies LLC boosted its position in shares of Key Tronic by 45.0% during the fourth quarter. Renaissance Technologies LLC now owns 24,400 shares of the technology company’s stock worth $106,000 after purchasing an additional 7,573 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Key Tronic during the first quarter worth $128,000. 40.69% of the stock is owned by institutional investors.

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.