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

Research analysts at StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report issued to clients and investors 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 $3.91 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.72 and a current ratio of 2.57. The company has a market capitalization of $42.08 million, a price-to-earnings ratio of -391.00 and a beta of 1.54. Key Tronic has a one year low of $3.60 and a one year high of $6.14. The company’s 50-day moving average is $4.94 and its 200 day moving average is $4.83.

Key Tronic (NASDAQ:KTCC) last posted its earnings results on Tuesday, November 5th. The technology company reported $0.10 EPS for the quarter. The business had revenue of $131.56 million during the quarter.

Institutional Trading of Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Geode Capital Management LLC lifted its position in shares of Key Tronic Co. (NASDAQ:KTCC) by 8.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 93,778 shares of the technology company’s stock after buying an additional 7,636 shares during the quarter. Geode Capital Management LLC owned approximately 0.87% of Key Tronic worth $537,000 at the end of the most recent quarter. 40.69% of the stock is owned by hedge funds and other institutional investors.

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.