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

StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note published on Saturday. The firm issued a buy rating on the technology company’s stock.

Key Tronic Price Performance

KTCC stock opened at $5.15 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.94. Key Tronic has a 52-week low of $3.60 and a 52-week high of $5.17. The stock’s 50 day moving average is $4.24 and its two-hundred day moving average is $4.31. The company has a market capitalization of $55.42 million, a PE ratio of 257.50 and a beta of 1.51.

Key Tronic (NASDAQ:KTCC) last issued 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 business had revenue of $125.69 million during the quarter.

Institutional Investors Weigh In On Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. grew its position in Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 447,475 shares of the technology company’s stock after acquiring an additional 3,848 shares during the quarter. Vanguard Group Inc. owned approximately 4.16% of Key Tronic worth $2,085,000 as of its most recent filing with the Securities and Exchange Commission. 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.