Moors & Cabot Inc. Lowers Stock Position in Key Tronic Co. (NASDAQ:KTCC)

Moors & Cabot Inc. trimmed its position in Key Tronic Co. (NASDAQ:KTCC) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,300 shares of the technology company’s stock after selling 4,000 shares during the quarter. Moors & Cabot Inc.’s holdings in Key Tronic were worth $435,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC lifted its position in shares of Key Tronic by 8.9% in the third 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. 40.69% of the stock is owned by institutional investors.

Key Tronic Price Performance

KTCC stock opened at $2.69 on Friday. The company has a market capitalization of $28.95 million, a PE ratio of -4.72 and a beta of 1.52. The company’s fifty day moving average price is $3.46 and its 200-day moving average price is $4.63. Key Tronic Co. has a one year low of $2.50 and a one year high of $6.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.71 and a current ratio of 2.78.

Key Tronic (NASDAQ:KTCC) last released its quarterly earnings data 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%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Key Tronic in a research report on Wednesday. They set a “strong-buy” rating for the company.

Key Tronic 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.