Key Tronic (NASDAQ:KTCC) Earns Buy Rating from Analysts at StockNews.com

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

Key Tronic Stock Down 0.7 %

Key Tronic stock opened at $5.86 on Wednesday. Key Tronic has a 52 week low of $3.60 and a 52 week high of $6.14. The stock has a market cap of $63.07 million, a price-to-earnings ratio of 293.00 and a beta of 1.51. The company’s 50-day moving average price is $5.04 and its two-hundred day moving average price is $4.45. The company has a current ratio of 2.80, a quick ratio of 1.75 and a debt-to-equity ratio of 0.94.

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

Institutional Trading of Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. increased its holdings in shares of Key Tronic Co. (NASDAQ:KTCC) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 447,475 shares of the technology company’s stock after buying an additional 3,848 shares during the quarter. Vanguard Group Inc. owned 4.16% of Key Tronic worth $2,085,000 as of its most recent SEC filing. Institutional investors own 40.69% of the company’s stock.

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.