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

by · The Cerbat Gem

Stock analysts at StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC – Get Free Report) in a report released on Tuesday. The firm set a “buy” rating on the technology company’s stock.

Key Tronic Price Performance

KTCC opened at $5.75 on Tuesday. The business has a fifty day moving average of $4.74 and a 200 day moving average of $4.39. The stock has a market cap of $61.88 million, a P/E ratio of 282.50 and a beta of 1.51. The company has a quick ratio of 1.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.94. Key Tronic has a 52-week low of $3.60 and a 52-week high of $6.14.

Key Tronic (NASDAQ:KTCC – Get Free Report) last issued its earnings results on Tuesday, August 13th. The technology company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $125.69 million during the quarter. Key Tronic had a negative net margin of 0.14% and a positive return on equity of 0.28%.

Hedge Funds Weigh In On Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. boosted its position in shares of Key Tronic Co. (NASDAQ:KTCC – Free Report) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 447,475 shares of the technology company’s stock after purchasing an additional 3,848 shares during the quarter. Vanguard Group Inc. owned about 4.16% of Key Tronic worth $2,085,000 as of its most recent filing with the Securities & Exchange Commission. 40.69% of the stock is currently owned by hedge funds and other institutional investors.

Key Tronic Company Profile

(Get Free Report)

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.

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