Key Tronic (NASDAQ:KTCC) Now Covered by StockNews.com

StockNews.com started coverage on shares of Key Tronic (NASDAQ:KTCC) in a report published on Sunday morning. The brokerage issued a strong-buy rating on the technology company’s stock.

Key Tronic Stock Down 3.9 %

Key Tronic stock opened at $3.18 on Friday. The company has a market capitalization of $34.22 million, a PE ratio of -5.58 and a beta of 1.53. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.72 and a current ratio of 2.57. Key Tronic has a fifty-two week low of $3.04 and a fifty-two week high of $6.14. The firm has a 50 day moving average price of $4.03 and a 200 day moving average price of $4.81.

Key Tronic (NASDAQ:KTCC) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.38) earnings per share for the quarter. Key Tronic had a negative net margin of 1.17% and a negative return on equity of 3.19%.

Institutional Trading of Key Tronic

Several hedge funds have recently made changes to their positions in KTCC. Virtu Financial LLC purchased a new stake in Key Tronic during the 3rd quarter worth approximately $63,000. Northern Trust Corp grew its stake in shares of Key Tronic by 59.3% in the fourth quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock worth $219,000 after acquiring an additional 19,513 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Key Tronic by 63.5% during the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after acquiring an additional 37,000 shares during the period. Geode Capital Management LLC raised its stake in shares of Key Tronic by 8.9% in the third quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock valued at $537,000 after acquiring an additional 7,636 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in Key Tronic by 9.3% in the fourth quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after purchasing an additional 12,023 shares during the 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.