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

StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report issued to clients and investors on Thursday. The brokerage set a “strong-buy” rating on the technology company’s stock.

Key Tronic Stock Up 0.2 %

Shares of Key Tronic stock opened at $5.61 on Thursday. The company’s fifty day simple moving average is $5.71 and its two-hundred day simple moving average is $4.68. Key Tronic has a 12-month low of $3.60 and a 12-month high of $6.14. The company has a current ratio of 2.57, a quick ratio of 1.72 and a debt-to-equity ratio of 0.88. The company has a market cap of $60.37 million, a P/E ratio of -560.00 and a beta of 1.51.

Key Tronic (NASDAQ:KTCC) last announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $131.56 million for the quarter.

Hedge Funds Weigh In On Key Tronic

Several institutional investors and hedge funds have recently added to or reduced their stakes in KTCC. Vanguard Group Inc. grew its position in Key Tronic by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 447,475 shares of the technology company’s stock valued at $2,085,000 after purchasing an additional 3,848 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 worth $537,000 after buying an additional 7,636 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Key Tronic during the third quarter valued at approximately $63,000. Hedge funds and other 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.