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

StockNews.com began 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

KTCC stock opened at $2.66 on Friday. The firm has a 50 day simple moving average of $3.20 and a two-hundred day simple moving average of $4.52. The stock has a market cap of $28.63 million, a PE ratio of -4.67 and a beta of 1.52. Key Tronic has a one year low of $2.50 and a one year high of $6.14. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.78 and a quick ratio of 1.71.

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 net margin of 1.17% and a negative return on equity of 3.23%.

Hedge Funds Weigh In On Key Tronic

Large investors have recently made changes to their positions in the business. Tieton Capital Management LLC grew its holdings in shares of Key Tronic by 23.1% during the fourth quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock valued at $3,124,000 after buying an additional 140,573 shares during the last quarter. Kennedy Capital Management LLC lifted its position in Key Tronic by 9.3% in the 4th quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after acquiring an additional 12,023 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Key Tronic by 63.5% during the 4th 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 last quarter. Geode Capital Management LLC increased its holdings in shares of Key Tronic by 8.9% in 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. Finally, Northern Trust Corp raised 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 purchasing an additional 19,513 shares during 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.