Key Tronic (NASDAQ:KTCC) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Key Tronic Co. (NASDAQ:KTCC) passed below its 200-day moving average during trading on Friday . The stock has a 200-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.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Key Tronic in a research note on Thursday, November 21st. They issued a “strong-buy” rating on the stock.

Key Tronic Trading Down 0.5 %

The firm has a market capitalization of $42.94 million, a P/E ratio of -399.00 and a beta of 1.48. The stock has a 50-day simple moving average of $5.55 and a two-hundred day simple moving average of $4.81. 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 earnings per share for the quarter. The firm had revenue of $131.56 million during the quarter.

Hedge Funds 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 Key Tronic Co. (NASDAQ:KTCC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,972 shares of the technology company’s stock, valued at approximately $63,000. Virtu Financial LLC owned approximately 0.10% of Key Tronic at the end of the most recent quarter. 40.69% of the stock is owned by institutional investors.

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.