Key Tronic (NASDAQ:KTCC) Now Covered by StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a note issued to investors on Tuesday. The firm set a “strong-buy” rating on the technology company’s stock.

Key Tronic Stock Up 0.3 %

KTCC stock opened at $2.91 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.78 and a quick ratio of 1.71. Key Tronic has a 1-year low of $2.80 and a 1-year high of $6.14. The stock has a market capitalization of $31.32 million, a P/E ratio of -5.11 and a beta of 1.53. The business has a fifty day moving average price of $3.65 and a 200-day moving average price of $4.71.

Key Tronic (NASDAQ:KTCC) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.38) earnings per share (EPS) for the quarter. Key Tronic had a negative net margin of 1.17% and a negative return on equity of 3.23%.

Institutional Investors Weigh In On Key Tronic

A number of large investors have recently added to or reduced their stakes in KTCC. Northern Trust Corp boosted its stake in shares of Key Tronic by 59.3% in the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock worth $219,000 after buying an additional 19,513 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in Key Tronic by 9.3% in the fourth quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after acquiring an additional 12,023 shares during the period. Renaissance Technologies LLC boosted its position in Key Tronic by 63.5% in the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after purchasing an additional 37,000 shares during the last quarter. Tieton Capital Management LLC boosted its position in Key Tronic by 23.1% in the fourth quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock worth $3,124,000 after purchasing an additional 140,573 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Key Tronic during the 3rd quarter valued at about $63,000. 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.