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

Analysts at StockNews.com started coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note issued on Thursday. The brokerage set a “buy” rating on the technology company’s stock.

Key Tronic Price Performance

KTCC opened at $3.77 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.80 and a quick ratio of 1.75. Key Tronic has a 1 year low of $3.69 and a 1 year high of $6.24. The stock’s 50 day simple moving average is $4.15 and its 200 day simple moving average is $4.39. The firm has a market cap of $40.57 million, a price-to-earnings ratio of 188.50 and a beta of 1.49.

Key Tronic (NASDAQ:KTCC) last issued its earnings results on Tuesday, May 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.21). Key Tronic had a net margin of 0.04% and a return on equity of 0.20%. The firm had revenue of $140.53 million for the quarter.

Hedge Funds Weigh In On Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. boosted its stake in Key Tronic Co. (NASDAQ:KTCC) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 447,475 shares of the technology company’s stock after acquiring an additional 3,848 shares during the period. Vanguard Group Inc. owned 4.16% of Key Tronic worth $2,085,000 at the end of the most recent reporting period. 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.