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

Equities researchers at StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report issued on Wednesday. The brokerage set a “strong-buy” rating on the technology company’s stock.

Key Tronic Stock Performance

Shares of KTCC opened at $2.66 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.71 and a current ratio of 2.78. Key Tronic has a twelve month low of $2.50 and a twelve month high of $6.14. The firm’s 50 day moving average price is $3.54 and its two-hundred day moving average price is $4.67. The firm has a market cap of $28.63 million, a P/E ratio of -4.67 and a beta of 1.52.

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

Institutional Trading of Key Tronic

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tieton Capital Management LLC raised its holdings in shares of Key Tronic by 23.1% in the fourth quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock valued at $3,124,000 after purchasing an additional 140,573 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Key Tronic by 9.3% in the fourth quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after purchasing an additional 12,023 shares during the last quarter. 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 purchasing an additional 37,000 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Key Tronic by 8.9% in 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 last quarter. Finally, Northern Trust Corp raised its holdings in shares of Key Tronic by 59.3% in the fourth 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. 40.69% of the stock is currently owned by institutional investors and hedge funds.

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.