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

Research analysts at StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note issued on Monday. The firm set a “strong-buy” rating on the technology company’s stock.

Key Tronic Stock Performance

Key Tronic stock opened at $3.16 on Monday. The stock has a fifty day moving average price of $3.85 and a 200 day moving average price of $4.78. Key Tronic has a 52 week low of $3.03 and a 52 week high of $6.14. The firm has a market capitalization of $34.01 million, a P/E ratio of -5.54 and a beta of 1.53. The company has a current ratio of 2.78, a quick ratio of 1.71 and a debt-to-equity ratio of 0.89.

Key Tronic (NASDAQ:KTCC) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.38) EPS for the quarter. Key Tronic had a negative return on equity of 3.23% and a negative net margin of 1.17%.

Hedge Funds Weigh In On Key Tronic

A number of large investors have recently modified their holdings of KTCC. Geode Capital Management LLC increased its position in Key Tronic by 8.9% during the 3rd quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock worth $537,000 after purchasing an additional 7,636 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Key Tronic in the 3rd quarter valued at $63,000. Tieton Capital Management LLC increased its holdings in Key Tronic by 23.1% in the 4th quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock valued at $3,124,000 after purchasing an additional 140,573 shares in the last quarter. Renaissance Technologies LLC raised its position in Key Tronic by 63.5% in the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after purchasing an additional 37,000 shares during the period. Finally, Kennedy Capital Management LLC lifted its stake in shares of Key Tronic by 9.3% during the fourth quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock worth $591,000 after purchasing an additional 12,023 shares in the last quarter. 40.69% of the stock is currently 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.