Key Tronic (NASDAQ:KTCC) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report released on Friday. The firm issued a strong-buy rating on the technology company’s stock.

Key Tronic Trading Down 3.8 %

KTCC opened at $2.56 on Friday. The company has a fifty day moving average price of $3.17 and a two-hundred day moving average price of $4.50. Key Tronic has a 1-year low of $2.50 and a 1-year high of $6.14. The company has a market cap of $27.55 million, a P/E ratio of -4.49 and a beta of 1.52. The company has a current ratio of 2.78, a quick ratio of 1.71 and a debt-to-equity ratio of 0.89.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised 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 worth $537,000 after acquiring an additional 7,636 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Key Tronic in the third quarter worth approximately $63,000. Kennedy Capital Management LLC lifted its holdings in shares of Key Tronic by 9.3% in the fourth quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after purchasing an additional 12,023 shares in the last quarter. Northern Trust Corp boosted its position in shares of Key Tronic by 59.3% during the fourth quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after buying an additional 19,513 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in 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 buying an additional 37,000 shares during the last quarter. 40.69% of the stock is currently owned by institutional investors and hedge funds.

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.