Key Tronic (NASDAQ:KTCC) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report issued on Friday. The firm set a “strong-buy” rating on the technology company’s stock.

Key Tronic Stock Down 3.8 %

Shares of NASDAQ KTCC opened at $2.56 on Friday. The firm’s 50 day moving average price is $3.17 and its 200 day moving average price is $4.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.71 and a current ratio of 2.78. The firm has a market cap of $27.55 million, a P/E ratio of -4.49 and a beta of 1.52. Key Tronic has a 1 year low of $2.50 and a 1 year high of $6.14.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of Key Tronic in the third quarter worth approximately $63,000. Northern Trust Corp raised its stake in Key Tronic by 59.3% during the fourth quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock worth $219,000 after purchasing an additional 19,513 shares during the period. Geode Capital Management LLC raised its stake in Key Tronic by 8.9% during the third quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock worth $537,000 after purchasing an additional 7,636 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Key Tronic by 63.5% in the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after purchasing an additional 37,000 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its stake in shares of Key Tronic by 9.3% during the 4th 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 period. Institutional investors and hedge funds own 40.69% of the company’s stock.

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.