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

Stock analysts at StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC) in a note issued to investors on Monday. The brokerage set a “buy” rating on the technology company’s stock.

Key Tronic Stock Down 2.2 %

Key Tronic stock opened at $5.87 on Monday. The stock has a market cap of $63.17 million, a P/E ratio of 293.50 and a beta of 1.51. The company has a quick ratio of 1.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.94. Key Tronic has a twelve month low of $3.60 and a twelve month high of $6.14. The company’s 50-day moving average price is $4.51 and its two-hundred day moving average price is $4.36.

Key Tronic (NASDAQ:KTCC) last announced its earnings results on Tuesday, August 13th. The technology company reported $0.11 EPS for the quarter. The company had revenue of $125.69 million for the quarter. Key Tronic had a negative net margin of 0.14% and a positive return on equity of 0.28%.

Institutional Investors Weigh In On Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. grew its holdings in Key Tronic Co. (NASDAQ:KTCC) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 447,475 shares of the technology company’s stock after purchasing an additional 3,848 shares during the period. Vanguard Group Inc. owned approximately 4.16% of Key Tronic worth $2,085,000 at the end of the most recent quarter. Institutional investors 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.