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

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

Key Tronic Trading Up 0.9 %

Shares of KTCC stock opened at $5.90 on Thursday. The firm has a 50 day moving average price of $5.15 and a two-hundred day moving average price of $4.48. 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 company has a market capitalization of $63.50 million, a PE ratio of 295.00 and a beta of 1.51. Key Tronic has a 12-month low of $3.60 and a 12-month high of $6.14.

Key Tronic (NASDAQ:KTCC) last released its quarterly 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 company had revenue of $125.69 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. increased its holdings 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 fund owned 447,475 shares of the technology company’s stock after purchasing an additional 3,848 shares during the quarter. Vanguard Group Inc. owned approximately 4.16% of Key Tronic worth $2,085,000 at the end of the most recent reporting period. Hedge funds and other 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.