Key Tronic Co. (NASDAQ:KTCC) Stake Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in shares of Key Tronic Co. (NASDAQ:KTCC) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 748,522 shares of the technology company’s stock after selling 26,029 shares during the quarter. Dimensional Fund Advisors LP owned 6.96% of Key Tronic worth $3,032,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Vanguard Group Inc. grew its stake in Key Tronic by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 447,475 shares of the technology company’s stock valued at $2,085,000 after acquiring an additional 3,848 shares in the last quarter. Hedge funds and other institutional investors own 40.69% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Key Tronic in a research report on Tuesday. They issued a “buy” rating for the company.

Key Tronic Trading Up 0.5 %

Key Tronic stock opened at $5.78 on Friday. Key Tronic Co. has a 12 month low of $3.60 and a 12 month high of $6.14. The company has a quick ratio of 1.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.94. The stock has a market cap of $62.20 million, a P/E ratio of 271.50 and a beta of 1.51. The company’s fifty day simple moving average is $4.78 and its 200-day simple moving average is $4.40.

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

Key Tronic 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.