Key Tronic (NASDAQ:KTCC) Earns Buy Rating from Analysts at StockNews.com

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

Key Tronic Stock Performance

Shares of KTCC stock opened at $5.86 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.75 and a current ratio of 2.80. The firm has a market cap of $63.07 million, a price-to-earnings ratio of 293.00 and a beta of 1.51. Key Tronic has a 52 week low of $3.60 and a 52 week high of $6.14. The firm’s 50-day simple moving average is $4.96 and its two-hundred day simple moving average is $4.44.

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

Institutional Trading of Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. increased its stake in Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 447,475 shares of the technology company’s stock after purchasing an additional 3,848 shares during the quarter. Vanguard Group Inc. owned about 4.16% of Key Tronic worth $2,085,000 at the end of the most recent quarter. 40.69% of the stock is currently owned by 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.