StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC – Free Report) in a research report report published on Tuesday. The brokerage issued a buy rating on the technology company’s stock.
Key Tronic Price Performance
Shares of NASDAQ KTCC traded up $0.04 during mid-day trading on Tuesday, hitting $4.57. 1,041 shares of the stock were exchanged, compared to its average volume of 18,119. Key Tronic has a twelve month low of $3.60 and a twelve month high of $5.14. 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 simple moving average is $3.91 and its two-hundred day simple moving average is $4.32. The company has a market cap of $49.18 million, a P/E ratio of 226.50 and a beta of 1.49.
Institutional Trading of Key Tronic
A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. lifted its holdings in Key Tronic Co. (NASDAQ:KTCC – Free Report) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 447,475 shares of the technology company’s stock after purchasing an additional 3,848 shares during the quarter. Vanguard Group Inc. owned 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.
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.
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