Key Tronic (NASDAQ:KTCC) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Key Tronic Corporation (NASDAQ:KTCC) crossed 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 traded.

Wall Street Analysts Forecast Growth

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

Key Tronic Trading Up 1.2%

The business’s 50 day simple moving average is $3.93 and its 200 day simple moving average is $3.27. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.06 and a quick ratio of 1.21. The company has a market capitalization of $44.74 million, a price-to-earnings ratio of -2.57 and a beta of 1.19.

Hedge Funds Weigh In On Key Tronic

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in 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 purchasing an additional 9,327 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Key Tronic by 27.8% during the third quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock worth $582,000 after purchasing an additional 35,400 shares during the last quarter. Sei Investments Co. raised its stake in shares of Key Tronic by 105.7% during the 1st quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after buying an additional 177,591 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Key Tronic during the second quarter worth about $95,000. Hedge funds and other institutional investors own 40.69% of the company’s stock.

Key Tronic Company Profile

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.