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

StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note issued to investors on Sunday morning. The brokerage issued a buy rating on the technology company’s stock.

Key Tronic Trading Up 3.0 %

Shares of KTCC stock opened at $5.48 on Friday. The stock has a 50-day moving average of $4.42 and a 200-day moving average of $4.34. The company has a current ratio of 2.80, a quick ratio of 1.75 and a debt-to-equity ratio of 0.94. The stock has a market cap of $58.96 million, a price-to-earnings ratio of 274.00 and a beta of 1.51. Key Tronic has a 1-year low of $3.60 and a 1-year high of $5.71.

Key Tronic (NASDAQ:KTCC) last released its earnings results on Tuesday, August 13th. The technology company reported $0.11 earnings per share for the quarter. The business 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%.

Institutional Trading of Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. grew its holdings in Key Tronic Co. (NASDAQ:KTCC) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 and Exchange Commission (SEC). 40.69% of the stock is owned by hedge funds and other institutional investors.

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.