Key Tronic (NASDAQ:KTCC) Share Price Breaks Below 200 Day Moving Average – Time to Sell?

Key Tronic Corporation (NASDAQ:KTCC)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $3.26 and traded as low as $2.19. Key Tronic shares last traded at $2.22, with a volume of 11,457 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Key Tronic in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Key Tronic presently has a consensus rating of “Sell”.

Key Tronic Price Performance

The firm’s 50 day moving average price is $2.99 and its two-hundred day moving average price is $3.25. The firm has a market capitalization of $24.02 million, a PE ratio of -0.49 and a beta of 1.16. The company has a quick ratio of 1.20, a current ratio of 2.10 and a debt-to-equity ratio of 1.50.

Key Tronic (NASDAQ:KTCC) last issued its earnings results on Thursday, August 27th. The technology company reported ($0.26) earnings per share (EPS) for the quarter. Key Tronic had a negative net margin of 12.36% and a negative return on equity of 7.05%. The company had revenue of $102.03 million during the quarter.

Institutional Investors Weigh In On Key Tronic

A number of hedge funds and other institutional investors have recently modified their holdings of KTCC. Susquehanna International Group LLP acquired a new stake in Key Tronic in the second quarter worth about $57,000. Bank of New York Mellon Corp bought a new stake in shares of Key Tronic during the 2nd quarter worth about $95,000. BlackRock Inc. acquired a new stake in shares of Key Tronic in the 2nd quarter worth approximately $533,000. Sei Investments Co. lifted its stake in shares of Key Tronic by 105.7% in the 1st quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after acquiring an additional 177,591 shares during the period. Finally, Tieton Capital Management LLC bought a new position in shares of Key Tronic in the second quarter valued at approximately $3,143,000. 40.69% of the stock is currently owned by institutional investors.

Key Tronic Company Profile

Key Tronic Corporation is an electronic manufacturing services provider that designs and manufactures products for original equipment manufacturers and other customers. The company offers integrated services spanning product design and engineering, prototyping, tooling, materials management, printed circuit board assembly, systems integration, final assembly, testing, packaging and fulfillment.

In addition to electronic assemblies, Key Tronic produces molded and painted plastic components, mechanical assemblies and complete finished products.