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

Analysts at StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note issued to investors on Friday. The firm set a “strong-buy” rating on the technology company’s stock.

Key Tronic Price Performance

Key Tronic stock opened at $3.63 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.72 and a current ratio of 2.57. The company’s fifty day moving average price is $4.53 and its 200 day moving average price is $4.84. The stock has a market capitalization of $39.06 million, a P/E ratio of -363.00 and a beta of 1.54. Key Tronic has a 1 year low of $3.60 and a 1 year high of $6.14.

Key Tronic (NASDAQ:KTCC) last posted 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 during the quarter.

Institutional Investors Weigh In On Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Geode Capital Management LLC grew its holdings in Key Tronic Co. (NASDAQ:KTCC) by 8.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,778 shares of the technology company’s stock after purchasing an additional 7,636 shares during the quarter. Geode Capital Management LLC owned 0.87% of Key Tronic worth $537,000 at the end of the most recent reporting period. 40.69% of the stock is currently owned by hedge funds and other institutional investors.

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.