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

StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report sent to investors on Tuesday. The brokerage issued a strong-buy rating on the technology company’s stock.

Key Tronic Stock Up 3.6 %

Shares of Key Tronic stock opened at $2.90 on Tuesday. Key Tronic has a 1-year low of $2.80 and a 1-year high of $6.14. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.78 and a quick ratio of 1.71. The business’s fifty day moving average price is $3.68 and its two-hundred day moving average price is $4.73. The company has a market capitalization of $31.21 million, a P/E ratio of -5.09 and a beta of 1.53.

Key Tronic (NASDAQ:KTCC) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.38) EPS for the quarter. Key Tronic had a negative return on equity of 3.23% and a negative net margin of 1.17%.

Institutional Trading of Key Tronic

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Key Tronic in the 3rd quarter worth $63,000. Northern Trust Corp raised its stake in shares of Key Tronic by 59.3% in the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock worth $219,000 after buying an additional 19,513 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Key Tronic by 63.5% in the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after buying an additional 37,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Key Tronic by 8.9% in the 3rd quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock worth $537,000 after acquiring an additional 7,636 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its holdings in shares of Key Tronic by 9.3% in the 4th quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock worth $591,000 after acquiring an additional 12,023 shares during the last quarter. 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.