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

Equities research analysts at StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC) in a report issued on Wednesday. The brokerage set a “strong-buy” rating on the technology company’s stock.

Key Tronic Stock Performance

Shares of KTCC stock opened at $2.70 on Wednesday. The company has a current ratio of 2.78, a quick ratio of 1.71 and a debt-to-equity ratio of 0.89. The firm has a fifty day moving average price of $3.49 and a 200 day moving average price of $4.64. The company has a market cap of $29.06 million, a P/E ratio of -4.74 and a beta of 1.52. Key Tronic has a 12 month low of $2.50 and a 12 month high of $6.14.

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

Hedge Funds Weigh In On Key Tronic

Several large investors have recently bought and sold shares of KTCC. Virtu Financial LLC acquired a new position in Key Tronic in the third quarter valued at $63,000. Northern Trust Corp boosted its stake in Key Tronic by 59.3% in the fourth quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after acquiring an additional 19,513 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Key Tronic by 63.5% in the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after acquiring an additional 37,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Key Tronic by 8.9% during 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 during the period. Finally, Kennedy Capital Management LLC boosted its stake in shares of Key Tronic by 9.3% during the fourth quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock worth $591,000 after buying an additional 12,023 shares during the period. Institutional investors and hedge funds own 40.69% of the company’s stock.

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.