Key Tronic (NASDAQ:KTCC) Receives New Coverage from Analysts at StockNews.com

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

Key Tronic Stock Performance

KTCC stock opened at $4.55 on Thursday. The firm has a market cap of $48.96 million, a PE ratio of 227.50 and a beta of 1.49. 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 business has a 50 day moving average of $4.02 and a 200-day moving average of $4.31. Key Tronic has a 12-month low of $3.60 and a 12-month high of $5.14.

Hedge Funds Weigh In On Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. raised its position in shares of Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 447,475 shares of the technology company’s stock after purchasing 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 filing with the Securities and Exchange Commission. 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.