Tieton Capital Management LLC Cuts Stock Position in Key Tronic Co. (NASDAQ:KTCC)

Tieton Capital Management LLC decreased its stake in shares of Key Tronic Co. (NASDAQ:KTCC) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 608,510 shares of the technology company’s stock after selling 10,513 shares during the quarter. Key Tronic comprises about 1.8% of Tieton Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding. Tieton Capital Management LLC owned about 5.66% of Key Tronic worth $3,481,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Vanguard Group Inc. grew its position in 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 purchasing an additional 3,848 shares during the last quarter. Institutional investors and hedge funds own 40.69% of the company’s stock.

Key Tronic Stock Performance

KTCC stock opened at $5.61 on Friday. The stock has a market capitalization of $60.36 million, a PE ratio of -561.00 and a beta of 1.51. The stock’s 50 day simple moving average is $5.72 and its 200 day simple moving average is $4.69. Key Tronic Co. has a 12-month low of $3.60 and a 12-month high of $6.14. The company has a current ratio of 2.57, a quick ratio of 1.72 and a debt-to-equity ratio of 0.88.

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

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Key Tronic in a report on Thursday. They issued a “strong-buy” rating for the company.

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.