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

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

Key Tronic Price Performance

Shares of KTCC opened at $4.03 on Thursday. Key Tronic has a 1 year low of $3.60 and a 1 year high of $6.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.57 and a quick ratio of 1.72. The stock has a 50 day simple moving average of $4.76 and a two-hundred day simple moving average of $4.84. The firm has a market cap of $43.36 million, a P/E ratio of -403.00 and a beta of 1.54.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Key Tronic stock. Virtu Financial LLC purchased a new position in Key Tronic Co. (NASDAQ:KTCC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,972 shares of the technology company’s stock, valued at approximately $63,000. Virtu Financial LLC owned 0.10% of Key Tronic at the end of the most recent reporting period. Institutional investors and hedge funds 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.