Key Tronic (NASDAQ:KTCC) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Key Tronic Corporation (NASDAQ:KTCC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.27 and traded as high as $4.21. Key Tronic shares last traded at $4.12, with a volume of 9,062 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Key Tronic in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Key Tronic Stock Performance

The stock has a market cap of $44.74 million, a price-to-earnings ratio of -2.57 and a beta of 1.19. The firm’s 50-day moving average is $3.93 and its two-hundred day moving average is $3.27. The company has a current ratio of 2.06, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95.

Hedge Funds Weigh In On Key Tronic

Hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. lifted its stake in Key Tronic by 105.7% in the 1st quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after purchasing an additional 177,591 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of Key Tronic by 27.8% in the third quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock valued at $582,000 after buying an additional 35,400 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Key Tronic by 65.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after acquiring an additional 9,327 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Key Tronic in the second quarter valued at approximately $95,000. 40.69% of the stock is owned by hedge funds and other institutional investors.

About Key Tronic

Key Tronic Corporation (NASDAQ: KTCC) is a global electronics manufacturer headquartered in Spokane, Washington. The company specializes in the design, development and production of human-machine interfaces and input devices, with a core legacy in keyboard technology. Over more than five decades, Key Tronic has expanded its capabilities beyond keyboards to encompass a broad range of electronic assemblies for OEMs across computing, industrial, medical and consumer markets.

Key Tronic’s product portfolio includes membrane and mechanical keyboards, touch panels, silicone keypads and custom input solutions tailored to customer specifications.