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

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

Key Tronic Stock Performance

NASDAQ KTCC opened at $3.91 on Wednesday. The company has a market capitalization of $42.08 million, a P/E ratio of -391.00 and a beta of 1.54. 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 52-week low of $3.60 and a 52-week high of $6.14. The company has a fifty day moving average of $4.94 and a 200-day moving average of $4.83.

Key Tronic (NASDAQ:KTCC) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.10 earnings per share for the quarter. The business had revenue of $131.56 million during the quarter.

Hedge Funds Weigh In On Key Tronic

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

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.