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

StockNews.com started coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report report published on Monday. The brokerage issued a buy rating on the technology company’s stock.

Key Tronic Price Performance

Shares of KTCC opened at $4.50 on Monday. The company has a 50-day moving average price of $4.72 and a two-hundred day moving average price of $4.34. The company has a quick ratio of 1.59, a current ratio of 2.64 and a debt-to-equity ratio of 0.87. The stock has a market cap of $48.42 million, a price-to-earnings ratio of 10.98 and a beta of 1.43. Key Tronic has a 12 month low of $3.72 and a 12 month high of $7.04.

Key Tronic (NASDAQ:KTCC) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. Key Tronic had a return on equity of 3.41% and a net margin of 0.72%. The firm had revenue of $145.42 million during the quarter.

Institutional Trading of Key Tronic

Several large investors have recently added to or reduced their stakes in KTCC. Renaissance Technologies LLC boosted its holdings in shares of Key Tronic by 12.7% in the 1st quarter. Renaissance Technologies LLC now owns 27,500 shares of the technology company’s stock worth $200,000 after acquiring an additional 3,100 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Key Tronic by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 808,358 shares of the technology company’s stock valued at $3,266,000 after purchasing an additional 3,476 shares during the last quarter. Tieton Capital Management LLC boosted its stake in Key Tronic by 0.6% in the second quarter. Tieton Capital Management LLC now owns 663,946 shares of the technology company’s stock worth $3,765,000 after purchasing an additional 3,701 shares in the last quarter. State Street Corp grew its holdings in shares of Key Tronic by 30.2% during the first quarter. State Street Corp now owns 17,583 shares of the technology company’s stock worth $128,000 after purchasing an additional 4,079 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Key Tronic by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 443,627 shares of the technology company’s stock worth $1,916,000 after purchasing an additional 4,400 shares during the last quarter. 40.69% of the stock is owned by institutional investors.

About Key Tronic

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.