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

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

Key Tronic Trading Down 7.3 %

Shares of NASDAQ:KTCC opened at $3.44 on Friday. The stock has a 50 day moving average of $4.30 and a 200 day moving average of $4.82. The company has a market cap of $37.01 million, a PE ratio of -344.00 and a beta of 1.53. Key Tronic has a 12-month low of $3.40 and a 12-month high of $6.14. The company has a current ratio of 2.57, a quick ratio of 1.72 and a debt-to-equity ratio of 0.88.

Key Tronic (NASDAQ:KTCC) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.38) earnings per share for the quarter.

Institutional Investors Weigh In On Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Geode Capital Management LLC boosted its holdings in shares of Key Tronic Co. (NASDAQ:KTCC) by 8.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,778 shares of the technology company’s stock after purchasing 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 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.