Key Tronic (NASDAQ:KTCC) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report released on Thursday. The firm issued a buy rating on the technology company’s stock.

Key Tronic Trading Up 1.0 %

Shares of NASDAQ KTCC opened at $5.96 on Thursday. The stock has a market cap of $64.14 million, a price-to-earnings ratio of 298.00 and a beta of 1.51. The company has a quick ratio of 1.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.94. The company’s fifty day moving average is $5.17 and its 200-day moving average is $4.49. 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 results on Tuesday, August 13th. The technology company reported $0.11 earnings per share for the quarter. Key Tronic had a positive return on equity of 0.28% and a negative net margin of 0.14%. The firm had revenue of $125.69 million during the quarter.

Institutional Trading of Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. grew its holdings in shares of Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 447,475 shares of the technology company’s stock after acquiring an additional 3,848 shares during the period. Vanguard Group Inc. owned about 4.16% of Key Tronic worth $2,085,000 as of its most recent SEC filing. 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.