StockNews.com Initiates Coverage on Key Tronic (NASDAQ:KTCC)

Research analysts at StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCCGet Free Report) in a research report issued on Tuesday. The brokerage set a “buy” rating on the technology company’s stock.

Key Tronic Stock Up 16.0 %

Shares of NASDAQ:KTCC opened at $4.49 on Tuesday. The stock has a market cap of $48.32 million, a P/E ratio of 224.50 and a beta of 1.49. The firm has a fifty day moving average price of $3.90 and a 200 day moving average price of $4.32. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.80 and a quick ratio of 1.75. Key Tronic has a 1-year low of $3.60 and a 1-year high of $5.75.

Institutional Trading of Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. increased its holdings in shares of Key Tronic Co. (NASDAQ:KTCCFree Report) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 447,475 shares of the technology company’s stock after purchasing an additional 3,848 shares during the period. Vanguard Group Inc. owned 4.16% of Key Tronic worth $2,085,000 as of its most recent SEC filing. 40.69% of the stock is owned by institutional investors.

Key Tronic Company Profile

(Get Free Report)

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.

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