Key Tronic (NASDAQ:KTCC) Research Coverage Started at StockNews.com

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

Key Tronic Price Performance

Shares of NASDAQ KTCC opened at $5.86 on Wednesday. The company has a market cap of $63.07 million, a price-to-earnings ratio of 293.00 and a beta of 1.51. The stock’s 50-day moving average is $5.04 and its two-hundred day moving average is $4.45. Key Tronic has a 1-year low of $3.60 and a 1-year high of $6.14. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.80 and a quick ratio of 1.75.

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

Institutional Investors Weigh In On Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. lifted its holdings in shares of Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 447,475 shares of the technology company’s stock after purchasing an additional 3,848 shares during the period. Vanguard Group Inc. owned about 4.16% of Key Tronic worth $2,085,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 40.69% of the company’s stock.

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.