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

Investment analysts at StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note issued to investors on Tuesday. The firm set a “strong-buy” rating on the technology company’s stock.

Key Tronic Trading Up 0.3 %

NASDAQ KTCC opened at $2.91 on Tuesday. The firm has a market capitalization of $31.32 million, a PE ratio of -5.11 and a beta of 1.53. The stock’s 50 day moving average is $3.65 and its 200 day moving average is $4.71. Key Tronic has a twelve month low of $2.80 and a twelve month 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.

Key Tronic (NASDAQ:KTCC) last announced 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%.

Hedge Funds Weigh In On Key Tronic

Large investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in Key Tronic during the 3rd quarter valued at approximately $63,000. Northern Trust Corp increased its holdings in shares of Key Tronic by 59.3% during the fourth 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 in the last quarter. Renaissance Technologies LLC raised its position 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 worth $397,000 after purchasing an additional 37,000 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Key Tronic by 8.9% in the 3rd 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 last quarter. Finally, Kennedy Capital Management LLC boosted its stake 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 worth $591,000 after purchasing an additional 12,023 shares in the last quarter. 40.69% of the stock is currently owned by hedge funds and other institutional investors.

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.