StockNews.com Initiates Coverage on Key Tronic (NASDAQ:KTCC)

StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note published on Thursday. The brokerage issued a buy rating on the technology company’s stock.

Key Tronic Stock Down 0.5 %

KTCC stock opened at $5.93 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.77 and a quick ratio of 1.76. The stock has a market capitalization of $63.81 million, a P/E ratio of -74.13 and a beta of 1.51. The business has a 50-day moving average of $5.20 and a 200-day moving average of $4.50. Key Tronic has a fifty-two week low of $3.60 and a fifty-two week high of $6.14.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. boosted its stake in shares of Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 447,475 shares of the technology company’s stock after purchasing an additional 3,848 shares during the period. Vanguard Group Inc. owned 4.16% of Key Tronic worth $2,085,000 as of its most recent filing with the SEC. Hedge funds and other 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.