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

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

Key Tronic Price Performance

Shares of NASDAQ:KTCC opened at $4.26 on Tuesday. The business has a 50-day moving average of $5.07 and a two-hundred day moving average of $4.82. Key Tronic has a fifty-two week low of $3.60 and a fifty-two week high of $6.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.57 and a quick ratio of 1.72. The stock has a market capitalization of $45.85 million, a P/E ratio of -426.00 and a beta of 1.54.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Key Tronic stock. Geode Capital Management LLC grew its stake in Key Tronic Co. (NASDAQ:KTCC) by 8.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,778 shares of the technology company’s stock after acquiring an additional 7,636 shares during the quarter. Geode Capital Management LLC owned 0.87% of Key Tronic worth $537,000 at the end of the most recent quarter. 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.