StockNews.com Initiates Coverage on Key Tronic (NASDAQ:KTCC)

Analysts at StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the technology company’s stock.

Key Tronic Stock Up 1.1 %

KTCC stock opened at $4.55 on Thursday. The firm has a 50-day moving average price of $4.02 and a 200-day moving average price of $4.32. Key Tronic has a 12 month low of $3.60 and a 12 month high of $5.14. The company has a current ratio of 2.80, a quick ratio of 1.75 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $48.97 million, a P/E ratio of 227.50 and a beta of 1.49.

Institutional Trading of Key Tronic

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