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

StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note released on Thursday. The firm issued a strong-buy rating on the technology company’s stock.

Key Tronic Stock Down 1.1 %

NASDAQ KTCC opened at $2.75 on Thursday. The stock has a market cap of $29.60 million, a PE ratio of -4.82 and a beta of 1.52. Key Tronic has a fifty-two week low of $2.50 and a fifty-two week high of $6.14. The business has a 50 day moving average price of $3.30 and a two-hundred day moving average price of $4.57. The company has a quick ratio of 1.71, a current ratio of 2.78 and a debt-to-equity ratio of 0.89.

Key Tronic (NASDAQ:KTCC) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.38) EPS for the quarter. Key Tronic had a negative net margin of 1.17% and a negative return on equity of 3.23%.

Institutional Investors Weigh In On Key Tronic

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Key Tronic by 8.9% during the 3rd quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock valued at $537,000 after acquiring an additional 7,636 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Key Tronic during the 3rd quarter valued at approximately $63,000. Northern Trust Corp increased its position in Key Tronic by 59.3% in the fourth quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock worth $219,000 after buying an additional 19,513 shares during the period. Renaissance Technologies LLC increased its position in Key Tronic by 63.5% in the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after buying an additional 37,000 shares during the period. Finally, Kennedy Capital Management LLC lifted its stake in Key Tronic by 9.3% in the fourth quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after buying an additional 12,023 shares during the last quarter. 40.69% of the stock is owned by institutional investors and hedge funds.

Key Tronic Company Profile

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.