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

StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note published on Friday morning. The firm issued a buy rating on the technology company’s stock.

Key Tronic Stock Performance

KTCC opened at $6.03 on Friday. Key Tronic has a fifty-two week low of $3.60 and a fifty-two week high of $6.14. The firm has a 50 day simple moving average of $5.40 and a 200 day simple moving average of $4.56. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.77 and a quick ratio of 1.76. The company has a market cap of $64.88 million, a price-to-earnings ratio of -75.38 and a beta of 1.51.

Key Tronic (NASDAQ:KTCC) last issued its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $125.69 million during 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

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. raised its stake in Key Tronic Co. (NASDAQ:KTCC) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 447,475 shares of the technology company’s stock after acquiring an additional 3,848 shares during the quarter. Vanguard Group Inc. owned about 4.16% of Key Tronic worth $2,085,000 at the end of the most recent reporting period. 40.69% of the stock is currently owned by 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.