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

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

Key Tronic Trading Up 1.4 %

Shares of Key Tronic stock opened at $2.95 on Tuesday. The firm has a market cap of $31.75 million, a price-to-earnings ratio of -5.18 and a beta of 1.53. The business has a 50-day moving average price of $3.63 and a 200-day moving average price of $4.70. The company has a quick ratio of 1.71, a current ratio of 2.78 and a debt-to-equity ratio of 0.89. Key Tronic has a twelve month low of $2.80 and a twelve month high of $6.14.

Key Tronic (NASDAQ:KTCC) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.38) earnings per share for the quarter. Key Tronic had a negative net margin of 1.17% and a negative return on equity of 3.23%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KTCC. Geode Capital Management LLC lifted its holdings in shares of Key Tronic by 8.9% in the 3rd quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock valued at $537,000 after acquiring an additional 7,636 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Key Tronic in the 3rd quarter valued at about $63,000. Tieton Capital Management LLC lifted its holdings in shares of Key Tronic by 23.1% in the 4th quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock valued at $3,124,000 after acquiring an additional 140,573 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Key Tronic by 63.5% in the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after acquiring an additional 37,000 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its holdings in shares of Key Tronic by 9.3% in the 4th quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after acquiring an additional 12,023 shares during the last quarter. Institutional investors 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.