Key Tronic (NASDAQ:KTCC) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Key Tronic Co. (NASDAQ:KTCC) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.80 and traded as low as $3.93. Key Tronic shares last traded at $3.99, with a volume of 60,624 shares traded.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Key Tronic in a report on Thursday, November 21st. They issued a “strong-buy” rating for the company.

Key Tronic Stock Performance

The company has a current ratio of 2.57, a quick ratio of 1.72 and a debt-to-equity ratio of 0.88. The company has a market cap of $42.94 million, a PE ratio of -399.00 and a beta of 1.48. The firm’s 50-day simple moving average is $5.55 and its two-hundred day simple moving average is $4.81.

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

Institutional Investors Weigh In On Key Tronic

An institutional investor recently bought a new position in Key Tronic stock. Virtu Financial LLC purchased a new position in shares of Key Tronic Co. (NASDAQ:KTCC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,972 shares of the technology company’s stock, valued at approximately $63,000. Virtu Financial LLC owned 0.10% of Key Tronic 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.