Key Tronic (NASDAQ:KTCC) Releases Quarterly Earnings Results

Posted by Renee Jackson on Nov 7th, 2024

Key Tronic (NASDAQ:KTCC – Get Free Report) released its earnings results on Tuesday. The technology company reported $0.10 earnings per share for the quarter, reports. The company had revenue of $131.56 million during the quarter. Key Tronic had a positive return on equity of 0.28% and a negative net margin of 0.14%. Key Tronic updated its Q2 2025 guidance to 0.050-0.150 EPS.

Key Tronic Price Performance

Shares of NASDAQ KTCC opened at $5.72 on Thursday. Key Tronic has a 1 year low of $3.60 and a 1 year high of $6.14. The stock has a market capitalization of $61.55 million, a P/E ratio of -71.50 and a beta of 1.51. The company’s 50-day moving average is $5.46 and its 200 day moving average is $4.58. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.77 and a quick ratio of 1.76.

Institutional Trading of Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. lifted its position in Key Tronic Co. (NASDAQ:KTCC – Free Report) by 0.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 447,475 shares of the technology company’s stock after acquiring an additional 3,848 shares during the period. Vanguard Group Inc. owned 4.16% of Key Tronic worth $2,085,000 as of its most recent SEC filing. Institutional investors and hedge funds own 40.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Key Tronic in a report on Friday, November 1st. They set a “buy” rating for the company.

View Our Latest Report on KTCC

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.