Key Tronic (NASDAQ:KTCC) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note issued to investors on Sunday morning. The firm issued a strong-buy rating on the technology company’s stock.

Key Tronic Trading Down 1.3 %

Shares of KTCC stock opened at $3.14 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.57 and a debt-to-equity ratio of 0.88. Key Tronic has a fifty-two week low of $3.04 and a fifty-two week high of $6.14. The firm’s 50 day moving average price is $3.99 and its two-hundred day moving average price is $4.81. The stock has a market cap of $33.79 million, a price-to-earnings ratio of -5.51 and a beta of 1.53.

Key Tronic (NASDAQ:KTCC) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.38) earnings per share for the quarter. Key Tronic had a negative net margin of 1.17% and a negative return on equity of 3.19%.

Institutional Trading of Key Tronic

Large investors have recently bought and sold shares of the company. Northern Trust Corp grew its holdings in Key Tronic by 59.3% during the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after purchasing an additional 19,513 shares in the last quarter. Kennedy Capital Management LLC grew its stake in shares of Key Tronic by 9.3% during the fourth quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after acquiring an additional 12,023 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Key Tronic by 63.5% during the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after acquiring an additional 37,000 shares during the last quarter. Tieton Capital Management LLC lifted its stake in shares of Key Tronic by 23.1% in the fourth quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock worth $3,124,000 after acquiring an additional 140,573 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Key Tronic in the third quarter valued at 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.