Key Tronic (NASDAQ:KTCC) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC) in a report released on Sunday. The brokerage set a “buy” rating on the technology company’s stock.

Key Tronic Stock Performance

NASDAQ KTCC opened at $5.33 on Friday. The firm has a 50-day moving average price of $4.33 and a two-hundred day moving average price of $4.33. The company has a market capitalization of $57.36 million, a P/E ratio of 266.50 and a beta of 1.51. The company has a quick ratio of 1.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.94. Key Tronic has a 12-month low of $3.60 and a 12-month high of $5.33.

Key Tronic (NASDAQ:KTCC) last issued its earnings results on Tuesday, August 13th. The technology company reported $0.11 earnings per share for the quarter. Key Tronic had a negative net margin of 0.14% and a positive return on equity of 0.28%. The firm had revenue of $125.69 million for the quarter.

Institutional Trading of Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. lifted its stake in Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 447,475 shares of the technology company’s stock after acquiring an additional 3,848 shares during the period. Vanguard Group Inc. owned approximately 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.

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.