StockNews.com Begins Coverage on Key Tronic (NASDAQ:KTCC)

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

Key Tronic Trading Up 3.5 %

Shares of KTCC stock opened at $2.39 on Monday. The company has a quick ratio of 1.71, a current ratio of 2.78 and a debt-to-equity ratio of 0.89. The stock has a 50-day simple moving average of $2.72 and a 200 day simple moving average of $4.15. Key Tronic has a fifty-two week low of $2.21 and a fifty-two week high of $6.14. The stock has a market capitalization of $25.72 million, a P/E ratio of -4.19 and a beta of 1.38.

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

Institutional Investors Weigh In On Key Tronic

A number of institutional investors and hedge funds have recently modified their holdings of KTCC. Geode Capital Management LLC increased its stake in Key Tronic by 8.9% in the 3rd quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock worth $537,000 after purchasing an additional 7,636 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Key Tronic in the third quarter worth approximately $63,000. Tieton Capital Management LLC raised its holdings in shares of Key Tronic by 23.1% during the fourth quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock valued at $3,124,000 after acquiring an additional 140,573 shares during the period. Kennedy Capital Management LLC lifted its position in shares of Key Tronic by 9.3% in the 4th quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after acquiring an additional 12,023 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Key Tronic by 59.3% in 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 during the period. 40.69% of the stock is owned by institutional investors and hedge funds.

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.