Key Tronic (NASDAQ:KTCC) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Key Tronic Co. (NASDAQ:KTCC)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.80 and traded as low as $3.93. Key Tronic shares last traded at $3.99, with a volume of 60,624 shares.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Key Tronic in a research report on Thursday, November 21st. They set a “strong-buy” rating on the stock.

Key Tronic Stock Performance

The business has a 50-day moving average price of $5.55 and a 200-day moving average price of $4.80. The company has a quick ratio of 1.72, a current ratio of 2.57 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $42.94 million, a price-to-earnings ratio of -399.00 and a beta of 1.48.

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

Institutional Investors Weigh In On Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Geode Capital Management LLC lifted its stake in Key Tronic Co. (NASDAQ:KTCC) by 8.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,778 shares of the technology company’s stock after buying an additional 7,636 shares during the quarter. Geode Capital Management LLC owned approximately 0.87% of Key Tronic worth $537,000 as of its most recent SEC filing. 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.