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

StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a report published on Thursday. The brokerage issued a strong-buy rating on the technology company’s stock.

Key Tronic Stock Performance

Shares of NASDAQ:KTCC opened at $2.60 on Thursday. The firm has a fifty day simple moving average of $2.49 and a two-hundred day simple moving average of $3.73. Key Tronic has a 52 week low of $2.21 and a 52 week high of $6.14. The company has a quick ratio of 1.71, a current ratio of 2.78 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $27.98 million, a P/E ratio of -4.56 and a beta of 1.00.

Key Tronic (NASDAQ:KTCC) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.06) EPS for the quarter. Key Tronic had a negative net margin of 1.17% and a negative return on equity of 3.23%. The business had revenue of $111.97 million during the quarter.

Institutional Trading of Key Tronic

Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in shares of Key Tronic by 63.5% during the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after buying an additional 37,000 shares during the last quarter. Tieton Capital Management LLC boosted its holdings in Key Tronic by 23.1% during the 4th quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock valued at $3,124,000 after acquiring an additional 140,573 shares during the period. Kennedy Capital Management LLC grew its position in Key Tronic by 9.3% in the 4th quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after acquiring an additional 12,023 shares during the last quarter. Finally, Northern Trust Corp grew its position in Key Tronic by 59.3% in the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after acquiring an additional 19,513 shares during the last quarter. Institutional investors own 40.69% of the company’s stock.

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.