Key Tronic Corp. (NASDAQ:KTCC) shares fell 3.7% during trading on Wednesday . The stock traded as low as $7.82 and last traded at $7.88, with a volume of 82,918 shares. The stock had previously closed at $8.18.

Several brokerages have commented on KTCC. B. Riley reissued a “buy” rating and set a $12.00 target price on shares of Key Tronic Corp. in a research note on Tuesday, May 17th. Zacks Investment Research downgraded Key Tronic Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 13th.

The stock’s 50-day moving average is $7.55 and its 200-day moving average is $7.43. The stock has a market capitalization of $85.14 million and a P/E ratio of 13.16.

Key Tronic Corp. (NASDAQ:KTCC) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The firm had revenue of $123.90 million for the quarter, compared to the consensus estimate of $118.40 million. On average, analysts expect that Key Tronic Corp. will post $0.94 EPS for the current fiscal year.

An institutional investor recently raised its position in Key Tronic Corp. stock. Dimensional Fund Advisors LP raised its position in shares of Key Tronic Corp. (NASDAQ:KTCC) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 886,300 shares of the company’s stock after buying an additional 3,978 shares during the period. Dimensional Fund Advisors LP owned 8.28% of Key Tronic Corp. worth $6,736,000 as of its most recent filing with the SEC.

Key Tronic Corporation is engaged in providing electronic manufacturing services and solutions for original equipment manufacturers (OEMs). The Company also manufactures keyboards and other input devices. The Company provides engineering services, procurement and distribution across the world, materials management, world-class manufacturing and assembly services, in-house testing and unparalleled customer service.

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