Key Tronic (NASDAQ:KTCC) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note released on Monday. The firm issued a strong-buy rating on the technology company’s stock.

Key Tronic Trading Down 1.9 %

Shares of Key Tronic stock opened at $3.10 on Monday. The business has a fifty day simple moving average of $3.85 and a 200-day simple moving average of $4.78. Key Tronic has a fifty-two week low of $3.03 and a fifty-two week high of $6.14. The firm has a market cap of $33.36 million, a price-to-earnings ratio of -5.44 and a beta of 1.53. The company has a quick ratio of 1.71, a current ratio of 2.78 and a debt-to-equity ratio of 0.89.

Key Tronic (NASDAQ:KTCC) last issued 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 Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in shares of Key Tronic during the 3rd quarter worth $63,000. Northern Trust Corp lifted its holdings in shares of Key Tronic by 59.3% during 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. Renaissance Technologies LLC boosted its position in shares of Key Tronic by 63.5% in the 4th 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 period. 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. Finally, Kennedy Capital Management LLC raised its holdings in Key Tronic by 9.3% during the 4th quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock worth $591,000 after buying an additional 12,023 shares during the period. Institutional investors 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.