Key Tronic (NASDAQ:KTCC) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Key Tronic Co. (NASDAQ:KTCC)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.80 and traded as low as $3.93. Key Tronic shares last traded at $3.99, with a volume of 60,624 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Key Tronic in a research note on Thursday, November 21st. They issued a “strong-buy” rating on the stock.

Key Tronic Stock Down 0.5 %

The company has a market capitalization of $42.94 million, a PE ratio of -399.00 and a beta of 1.48. The business has a 50-day moving average of $5.55 and a 200 day moving average of $4.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.57 and a quick ratio of 1.72.

Key Tronic (NASDAQ:KTCC) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $131.56 million for the quarter.

Hedge Funds Weigh In On Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Geode Capital Management LLC grew its stake in Key Tronic Co. (NASDAQ:KTCC) by 8.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,778 shares of the technology company’s stock after acquiring an additional 7,636 shares during the period. Geode Capital Management LLC owned 0.87% of Key Tronic worth $537,000 at the end of the most recent reporting period. Hedge funds and other 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.