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

Key Tronic Corporation (NASDAQ:KTCC) CEO Brett Larsen sold 2,957 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $3.73, for a total value of $11,029.61. Following the transaction, the chief executive officer directly owned 28,284 shares in the company, valued at approximately $105,499.32. This represents a 9.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Key Tronic Trading Down 9.1%

Shares of NASDAQ:KTCC traded down $0.25 during midday trading on Monday, reaching $2.51. The company’s stock had a trading volume of 34,883 shares, compared to its average volume of 17,757. The firm has a market cap of $27.26 million, a price-to-earnings ratio of -0.57 and a beta of 1.19. The business has a 50 day moving average price of $3.93 and a 200 day moving average price of $3.38. Key Tronic Corporation has a 1 year low of $2.40 and a 1 year high of $4.42. The company has a quick ratio of 1.21, a current ratio of 2.06 and a debt-to-equity ratio of 0.95.

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

Institutional Investors Weigh In On Key Tronic

Several institutional investors and hedge funds 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. lifted its position in Key Tronic by 105.7% during the first quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock valued at $944,000 after buying an additional 177,591 shares in the last quarter. BlackRock Inc. acquired a new position in Key Tronic during the second quarter valued at approximately $533,000. Moors & Cabot Inc. grew its stake 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 buying an additional 35,400 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Key Tronic during the second quarter worth approximately $95,000. 40.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.