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

StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report released on Thursday. The firm issued a buy rating on the technology company’s stock.

Key Tronic Price Performance

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

Key Tronic (NASDAQ:KTCC) last issued its quarterly earnings data 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 business had revenue of $125.69 million for the quarter.

Institutional Trading of Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. boosted its position in Key Tronic Co. (NASDAQ:KTCC) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 447,475 shares of the technology company’s stock after buying an additional 3,848 shares during the quarter. Vanguard Group Inc. owned approximately 4.16% of Key Tronic worth $2,085,000 at the end of the most recent reporting period. 40.69% of the stock is currently owned by institutional investors.

Key Tronic Company Profile

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.