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

StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note issued to investors on Thursday. The firm set a “strong-buy” rating on the technology company’s stock.

Key Tronic Trading Down 3.6 %

KTCC stock traded down $0.21 on Thursday, hitting $5.60. 35,225 shares of the company were exchanged, compared to its average volume of 19,739. The stock has a market capitalization of $60.27 million, a price-to-earnings ratio of -560.00 and a beta of 1.51. The business’s fifty day moving average is $5.70 and its two-hundred day moving average is $4.68. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.57 and a quick ratio of 1.72. Key Tronic has a twelve month low of $3.60 and a twelve month high of $6.14.

Key Tronic (NASDAQ:KTCC) last released its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.10 earnings per share for the quarter. The firm had revenue of $131.56 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Key Tronic by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 447,475 shares of the technology company’s stock valued at $2,085,000 after acquiring an additional 3,848 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Key Tronic by 8.9% in the third quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock valued at $537,000 after acquiring an additional 7,636 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Key Tronic in the third quarter valued at approximately $63,000. 40.69% of the stock is currently owned by institutional investors and hedge funds.

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.