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

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

Key Tronic Price Performance

KTCC opened at $2.69 on Wednesday. The stock’s 50-day moving average price is $3.46 and its 200 day moving average price is $4.63. Key Tronic has a 12-month low of $2.50 and a 12-month high of $6.14. The company has a current ratio of 2.78, a quick ratio of 1.71 and a debt-to-equity ratio of 0.89. The firm has a market cap of $28.95 million, a price-to-earnings ratio of -4.72 and a beta of 1.52.

Key Tronic (NASDAQ:KTCC) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.38) earnings per share (EPS) for the quarter. Key Tronic had a negative return on equity of 3.23% and a negative net margin of 1.17%.

Institutional Investors Weigh In On Key Tronic

A number of hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Key Tronic by 8.9% in the 3rd quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock valued at $537,000 after purchasing an additional 7,636 shares in the last quarter. Virtu Financial LLC acquired a new stake in Key Tronic in the 3rd quarter valued at about $63,000. Kennedy Capital Management LLC raised its position in Key Tronic by 9.3% in the 4th quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after purchasing an additional 12,023 shares in the last quarter. Northern Trust Corp raised its position in Key Tronic by 59.3% in the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after purchasing an additional 19,513 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Key Tronic by 63.5% in the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after purchasing an additional 37,000 shares in the last quarter. Institutional investors and hedge funds 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.