StockNews.com Initiates Coverage on Key Tronic (NASDAQ:KTCC)

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

Key Tronic Stock Performance

NASDAQ KTCC opened at $6.00 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.76 and a current ratio of 2.77. The business’s 50 day moving average price is $5.33 and its 200-day moving average price is $4.54. The company has a market cap of $64.57 million, a P/E ratio of 300.00 and a beta of 1.51. Key Tronic has a fifty-two week low of $3.60 and a fifty-two week high of $6.14.

Key Tronic (NASDAQ:KTCC) last announced its quarterly earnings data 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 negative net margin of 0.14% and a positive return on equity of 0.28%.

Institutional Investors Weigh In On Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. lifted its position in Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 447,475 shares of the technology company’s stock after acquiring an additional 3,848 shares during the quarter. Vanguard Group Inc. owned 4.16% of Key Tronic worth $2,085,000 as of its most recent SEC filing. 40.69% of the stock is owned by hedge funds and other institutional investors.

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.