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

StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report issued on Thursday. The brokerage set a “strong-buy” rating on the technology company’s stock.

Key Tronic Trading Down 3.6 %

KTCC stock traded down $0.21 during trading on Thursday, hitting $5.60. The company had a trading volume of 35,225 shares, compared to its average volume of 19,739. The company has a quick ratio of 1.72, a current ratio of 2.57 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $5.70 and a 200-day moving average price of $4.68. Key Tronic has a 12 month low of $3.60 and a 12 month high of $6.14. The stock has a market cap of $60.27 million, a price-to-earnings ratio of -560.00 and a beta of 1.51.

Key Tronic (NASDAQ:KTCC) last released its earnings results on Tuesday, November 5th. The technology company reported $0.10 EPS for the quarter. The business had revenue of $131.56 million for the quarter.

Institutional Trading of Key Tronic

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Key Tronic by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 447,475 shares of the technology company’s stock worth $2,085,000 after buying an additional 3,848 shares in the last quarter. Geode Capital Management LLC lifted its position in Key Tronic by 8.9% during the 3rd quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock worth $537,000 after buying an additional 7,636 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Key Tronic during the 3rd quarter worth about $63,000. Institutional investors and hedge funds 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.