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

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

Key Tronic Trading Down 3.8 %

Shares of NASDAQ KTCC opened at $2.56 on Friday. The company has a quick ratio of 1.71, a current ratio of 2.78 and a debt-to-equity ratio of 0.89. Key Tronic has a twelve month low of $2.50 and a twelve month high of $6.14. The company’s fifty day moving average is $3.17 and its 200-day moving average is $4.50. The stock has a market cap of $27.55 million, a price-to-earnings ratio of -4.49 and a beta of 1.52.

Key Tronic (NASDAQ:KTCC) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.38) earnings per share (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

Several large investors have recently made changes to their positions in KTCC. Northern Trust Corp boosted its holdings in shares of Key Tronic by 59.3% during the 4th 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. Kennedy Capital Management LLC raised its position in Key Tronic by 9.3% in the fourth quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after purchasing an additional 12,023 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Key Tronic by 63.5% during the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after purchasing an additional 37,000 shares in the last quarter. Tieton Capital Management LLC increased its stake in shares of Key Tronic by 23.1% in the fourth quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock valued at $3,124,000 after buying an additional 140,573 shares during the period. Finally, Virtu Financial LLC bought a new position in Key Tronic in the 3rd quarter valued at approximately $63,000. 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.