Key Tronic (NASDAQ:KTCC) Now Covered by StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note issued on Wednesday. The firm set a “buy” rating on the technology company’s stock.

Key Tronic Stock Up 2.0 %

KTCC stock opened at $4.01 on Wednesday. The firm’s fifty day simple moving average is $4.21 and its 200-day simple moving average is $4.40. The company has a market capitalization of $43.15 million, a P/E ratio of 200.50 and a beta of 1.45. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.80 and a quick ratio of 1.75. Key Tronic has a 12 month low of $3.69 and a 12 month high of $6.24.

Key Tronic (NASDAQ:KTCC) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.21) EPS for the quarter, meeting the consensus estimate of ($0.21). The business had revenue of $140.53 million for the quarter. Key Tronic had a net margin of 0.04% and a return on equity of 0.20%.

Hedge Funds Weigh In On Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. lifted its position in Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 447,475 shares of the technology company’s stock after purchasing an additional 3,848 shares during the period. Vanguard Group Inc. owned about 4.16% of Key Tronic worth $2,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.