Key Tronic (NASDAQ:KTCC) Earns Buy Rating from Analysts at StockNews.com

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

Key Tronic Trading Down 1.3 %

Shares of Key Tronic stock opened at $5.43 on Monday. The firm’s 50 day simple moving average is $4.61 and its two-hundred day simple moving average is $4.37. The firm has a market capitalization of $58.44 million, a price-to-earnings ratio of 271.50 and a beta of 1.51. Key Tronic has a 12-month low of $3.60 and a 12-month high of $6.14. The company has a current ratio of 2.80, a quick ratio of 1.75 and a debt-to-equity ratio of 0.94.

Key Tronic (NASDAQ:KTCC) last released its earnings results on Tuesday, August 13th. The technology company reported $0.11 earnings per share (EPS) for the quarter. Key Tronic had a positive return on equity of 0.28% and a negative net margin of 0.14%. The firm had revenue of $125.69 million for the quarter.

Hedge Funds Weigh In On Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. raised its stake in Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 447,475 shares of the technology company’s stock after acquiring an additional 3,848 shares during the quarter. Vanguard Group Inc. owned approximately 4.16% of Key Tronic worth $2,085,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 40.69% of the company’s stock.

About Key Tronic

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.