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

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

Key Tronic Stock Performance

Key Tronic stock opened at $5.72 on Wednesday. The stock’s 50 day moving average is $4.92 and its 200 day moving average is $4.43. The company has a market capitalization of $61.56 million, a P/E ratio of 286.00 and a beta of 1.51. Key Tronic has a twelve month low of $3.60 and a twelve month high of $6.14. The company has a quick ratio of 1.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.94.

Key Tronic (NASDAQ:KTCC) last released its earnings results on Tuesday, August 13th. The technology company reported $0.11 EPS for the quarter. The firm had revenue of $125.69 million for the quarter. Key Tronic had a positive return on equity of 0.28% and a negative net margin of 0.14%.

Institutional Investors Weigh In On Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. boosted its stake in Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 4.16% of Key Tronic worth $2,085,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.