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

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

Key Tronic Trading Up 1.0 %

NASDAQ:KTCC opened at $5.15 on Friday. Key Tronic has a 12-month low of $3.60 and a 12-month high of $5.17. The firm has a market capitalization of $55.42 million, a P/E ratio of 257.50 and a beta of 1.51. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.80 and a quick ratio of 1.75. The business has a 50 day simple moving average of $4.24 and a 200 day simple moving average of $4.31.

Key Tronic (NASDAQ:KTCC) last released its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.11 earnings per share (EPS) for the quarter. Key Tronic had a positive return on equity of 0.28% and a negative net margin of 0.14%. The business had revenue of $125.69 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. grew its holdings in shares of Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 447,475 shares of the technology company’s stock after acquiring an additional 3,848 shares during the quarter. Vanguard Group Inc. owned about 4.16% of Key Tronic worth $2,085,000 as of its most recent SEC filing. 40.69% of the stock is 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.