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

Analysts at StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC) in a note issued to investors on Saturday. The firm set a “strong-buy” rating on the technology company’s stock.

Key Tronic Stock Down 3.5 %

Key Tronic stock opened at $2.48 on Friday. The stock has a market cap of $26.69 million, a PE ratio of -4.35 and a beta of 1.52. 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 firm’s 50-day simple moving average is $3.02 and its 200 day simple moving average is $4.42. Key Tronic has a fifty-two week low of $2.38 and a fifty-two week high of $6.14.

Key Tronic (NASDAQ:KTCC) last posted 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 institutional investors have recently modified their holdings of KTCC. Geode Capital Management LLC raised its holdings in Key Tronic by 8.9% during the 3rd quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock valued at $537,000 after acquiring an additional 7,636 shares during the period. Virtu Financial LLC purchased a new position in shares of Key Tronic in the third quarter valued at $63,000. Tieton Capital Management LLC raised its stake in shares of Key Tronic by 23.1% during the 4th 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 period. Northern Trust Corp lifted its holdings in Key Tronic by 59.3% during the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock worth $219,000 after purchasing an additional 19,513 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Key Tronic by 63.5% in the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after purchasing an additional 37,000 shares during the period. 40.69% of the stock is currently owned by hedge funds and other institutional investors.

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.