Key Tronic (NASDAQ:KTCC) Shares Pass Below 200 Day Moving Average of $4.41

Key Tronic Co. (NASDAQ:KTCC)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.41 and traded as low as $3.82. Key Tronic shares last traded at $3.84, with a volume of 8,478 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Key Tronic in a research report on Wednesday. They issued a “buy” rating on the stock.

Key Tronic Stock Performance

The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.75 and a current ratio of 2.80. The stock’s fifty day moving average is $4.21 and its two-hundred day moving average is $4.40. The firm has a market cap of $43.15 million, a price-to-earnings ratio of 200.50 and a beta of 1.45.

Key Tronic (NASDAQ:KTCC) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.21) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.21). Key Tronic had a net margin of 0.04% and a return on equity of 0.20%. The business had revenue of $140.53 million for the quarter.

Institutional Trading of Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. raised its stake in shares of Key Tronic Co. (NASDAQ:KTCC) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 447,475 shares of the technology company’s stock after buying an additional 3,848 shares during the period. Vanguard Group Inc. owned approximately 4.16% of Key Tronic worth $2,085,000 as of its most recent SEC filing. 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.