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

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

Key Tronic Price Performance

Shares of KTCC stock opened at $2.48 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.71 and a current ratio of 2.78. The stock has a market capitalization of $26.69 million, a PE ratio of -4.35 and a beta of 1.52. Key Tronic has a 52 week low of $2.38 and a 52 week high of $6.14. The stock’s fifty day moving average is $3.02 and its 200-day moving average is $4.42.

Key Tronic (NASDAQ:KTCC) last released its earnings results 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 3.23%.

Institutional Trading of Key Tronic

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted 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 buying an additional 7,636 shares during the period. Virtu Financial LLC bought a new position in Key Tronic in the 3rd quarter valued at approximately $63,000. Tieton Capital Management LLC lifted 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 worth $3,124,000 after purchasing an additional 140,573 shares during the period. Northern Trust Corp lifted its holdings in Key Tronic by 59.3% during the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock worth $219,000 after buying an additional 19,513 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of 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 buying an additional 37,000 shares during the period. Institutional investors 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.