Key Tronic (NASDAQ:KTCC) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report sent to investors on Sunday morning. The brokerage issued a strong-buy rating on the technology company’s stock.

Key Tronic Stock Performance

Shares of NASDAQ KTCC opened at $2.31 on Friday. Key Tronic has a 52 week low of $2.21 and a 52 week high of $6.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.71 and a current ratio of 2.78. The business’s 50-day simple moving average is $2.78 and its 200-day simple moving average is $4.22. The firm has a market cap of $24.86 million, a price-to-earnings ratio of -4.05 and a beta of 1.38.

Key Tronic (NASDAQ:KTCC) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.38) earnings per share (EPS) for the quarter. Key Tronic had a negative net margin of 1.17% and a negative return on equity of 3.23%.

Institutional Investors Weigh In On Key Tronic

Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in shares of Key Tronic by 8.9% during the third quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock valued at $537,000 after purchasing an additional 7,636 shares during the period. Virtu Financial LLC acquired a new stake in shares of Key Tronic during the 3rd quarter worth about $63,000. Kennedy Capital Management LLC increased its holdings in shares of Key Tronic by 9.3% during the fourth quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock worth $591,000 after buying an additional 12,023 shares in the last quarter. Northern Trust Corp raised its position in Key Tronic by 59.3% in the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after purchasing an additional 19,513 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Key Tronic by 63.5% in the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after buying an additional 37,000 shares during the last quarter. Institutional investors own 40.69% of the company’s stock.

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.