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

Equities research analysts at StockNews.com started coverage on shares of Key Tronic (NASDAQ:KTCC) in a report released on Tuesday. The firm set a “strong-buy” rating on the technology company’s stock.

Key Tronic Stock Down 0.5 %

Key Tronic stock opened at $4.26 on Tuesday. The firm has a 50 day moving average price of $5.10 and a 200-day moving average price of $4.82. The company has a quick ratio of 1.72, a current ratio of 2.57 and a debt-to-equity ratio of 0.88. Key Tronic has a twelve month low of $3.60 and a twelve month high of $6.14. The company has a market capitalization of $45.85 million, a P/E ratio of -426.00 and a beta of 1.54.

Key Tronic (NASDAQ:KTCC) last released its earnings results on Tuesday, November 5th. The technology company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $131.56 million during the quarter.

Hedge Funds Weigh In On Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Geode Capital Management LLC boosted its holdings in Key Tronic Co. (NASDAQ:KTCC) by 8.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,778 shares of the technology company’s stock after buying an additional 7,636 shares during the period. Geode Capital Management LLC owned approximately 0.87% of Key Tronic worth $537,000 as of its most recent filing with the Securities and Exchange Commission. 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.