Brett Larsen Sells 2,957 Shares of Key Tronic (NASDAQ:KTCC) Stock

Key Tronic Corporation (NASDAQ:KTCC) CEO Brett Larsen sold 2,957 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $3.73, for a total transaction of $11,029.61. Following the transaction, the chief executive officer directly owned 28,284 shares of the company’s stock, valued at $105,499.32. The trade was a 9.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Key Tronic Stock Down 0.8%

Key Tronic stock opened at $2.49 on Wednesday. The company has a market capitalization of $27.04 million, a PE ratio of -0.57 and a beta of 1.14. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 2.06. Key Tronic Corporation has a fifty-two week low of $2.40 and a fifty-two week high of $4.42. The firm has a 50 day moving average price of $3.88 and a 200 day moving average price of $3.37.

Key Tronic (NASDAQ:KTCC) last released its quarterly earnings results on Thursday, August 27th. The technology company reported ($0.26) EPS for the quarter. Key Tronic had a negative return on equity of 6.42% and a negative net margin of 12.36%.The firm had revenue of $102.03 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Key Tronic in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Key Tronic

Several large investors have recently added to or reduced their stakes in KTCC. Tieton Capital Management LLC acquired a new stake in Key Tronic during the 2nd quarter worth approximately $3,143,000. Sei Investments Co. grew its stake in shares of Key Tronic by 105.7% in the first quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after acquiring 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 worth $582,000 after acquiring an additional 35,400 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Key Tronic during the second quarter worth $533,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Key Tronic by 65.9% during the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock worth $61,000 after acquiring an additional 9,327 shares during the period. 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.