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

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

Key Tronic Price Performance

Shares of KTCC stock opened at $5.51 on Monday. The firm has a fifty day moving average of $4.64 and a two-hundred day moving average of $4.38. The firm has a market cap of $59.30 million, a P/E ratio of 275.50 and a beta of 1.51. Key Tronic has a 1-year low of $3.60 and a 1-year high of $6.14. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.80 and a quick ratio of 1.75.

Key Tronic (NASDAQ:KTCC) last announced its quarterly earnings data 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% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 447,475 shares of the technology company’s stock after buying 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. 40.69% of the stock is currently owned by hedge funds and other institutional investors.

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.